Oil Tankers Hauling US Crude Via Panama Approach 4-Year High
US oil cargoes transiting the Panama Canal are close to a four-year high as Asian refiners rush to import American crude in lieu of Mideast supplies strangled by the weeks-long disruption to Strait of Hormuz shipping.
US oil exports via the canal — the shortest route between the Gulf Coast and Asia — have surpassed 200,000 barrels a day, close to the most since July 2022, according to data for the first half of April from maritime intelligence firm Kpler Ltd.