Shipbroker Gibsons believes US tanker trades will continue to grow in 2024, but at a slower pace because of expected slower growth in oil production.

The London shop believes the expansion in export cargoes will not match better-than-expected figures for 2023 if current projections are borne out.

In January last year, the US Energy Information Administration (EIA) envisaged domestic crude production growing by 550,000 per day (bpd).