# EIA: Tanker rates reach highs on Ukraine war, Panama Canal delays | Oil & Gas Journal

> The EIA reports tanker rates for crude, products and LPG hit record highs in November 2022, driven by Russia's invasion of Ukraine and Panama Canal delays. Rates could keep rising through winter as EU and G7 Russian oil restrictions take effect.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38133-eia-tanker-rates-reach-highs-on-ukraine-war-panama-canal-delays-oil-and-gas
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher tanker costs raise delivered energy and freight costs, adding to diesel and fuel expenses for feed transport and supporting crude prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +1.2% | -6.6% |
| BRENT | 2019-12-10 | [EIA: recent oil prices supported by better economic data, further OPEC cut \| Oil & Gas Journal](https://feedsoft.ai/events/55731-eia-recent-oil-prices-supported-by-better-economic-data-further-opec-cut-oil.md) | +2.1% | +1.6% |
| BRENT | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +17.0% | +10.2% |
| BRENT | 2019-11-18 | [IEA: Oil demand growth to accelerate in 2019 fourth quarter \| Oil & Gas Journal](https://feedsoft.ai/events/56232-iea-oil-demand-growth-to-accelerate-in-2019-fourth-quarter-oil-and-gas-journal.md) | +1.3% | +4.8% |
| BRENT | 2017-09-12 | [OPEC production falls to 32.76 million b/d in August \| Oil & Gas Journal](https://feedsoft.ai/events/68867-opec-production-falls-to-32-76-million-b-d-in-august-oil-and-gas-journal.md) | +2.7% | +2.8% |
| WTI | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +2.3% | -12.2% |
| WTI | 2019-12-10 | [EIA: recent oil prices supported by better economic data, further OPEC cut \| Oil & Gas Journal](https://feedsoft.ai/events/55731-eia-recent-oil-prices-supported-by-better-economic-data-further-opec-cut-oil.md) | +2.1% | +6.3% |
| WTI | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +13.7% | +0.1% |

## Sources

- ogj.com: https://www.ogj.com/pipelines-transportation/tankers/article/14286789/eia-tanker-rates-reach-highs-on-ukraine-war-panama-canal-delays

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.