Tanker Market: West Africa Crude Oil Exports Nosediving in 2026

AI Summary

Crude oil exports from West Africa have declined during the first half of 2026 after a short-lived improvement. Shipbroker Banchero Costa reports a continuing downward trend following a marginal global decline in crude oil loadings in 2024.

After a brief, as it turns out, reversal of fortunes, crude oil exports from West Africa have turned negative once again, during the first half of 2026. In its latest weekly report, shipbroker Banchero Costa said that “after a marginal decline in 2024, when global crude oil loadings decreased by -0.2% y-o-y, things picked up ...