Caribbean Basin crude oil and heavy product exports jump 45%

AI Summary

Exports of crude oil and heavy products from the Caribbean Basin have surged by 45% year-on-year, amounting to an additional 880,000 barrels per day in 2025. Data from Signal Ocean indicates a year-to-date increase of 234 million barrels, including adjustments for transshipment through the Bahamas.

“Caribbean Basin have year-to-date increased by 234 million barrels year-on-year according to data from Signal Ocean. This is equal to an additional 880k barrels per day, and a 45% jump compared to 2025,“ says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Adjusting for an increase in barrels transhipped via the Bahamas, we estimate that exports ...