Performance Shipping Inc. announced production guidance for the year 2022. For the year, the company reported Tanker demand in billion tonne-miles is projected to increase by a firm 7.4% in full year 2022, supported by a noticeable recovery in oil demand from 2020 lows, by the gradual increase in OPEC+ and non-OPEC oil production. Tanker fleet supply in deadweight terms is estimated to grow by a moderate 2.0% in 2022.