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Post: Bloomberg: The global oil industry is at a crossroads


The tanker Rudolf Samoylovich docked at the pier of the LNG terminal Montoir de Brittany in western France. archive photo

Bloomberg: oil markets slide east, triggering tanker boom

MOSCOW, April 1 – RIA Novosti. The oil tanker building boom has begun in the world due to the trend of activities in oil markets to shift from West to East, the agency reported. Bloomberg.

Braemar has received orders for 38 medium tankers this year, one of the busiest quarters since 2013, according to reporters citing several major ship brokers. According to Simpson Spence & Young, the number of ships with international serial numbers since the beginning of the year has reached 28, approaching the values ​​for the whole of 2022. This is also considered as an indicator of the increase in tanker demand.

“The main structural change in the refinery landscape that will support demand for the transport of petroleum products in the medium and long term is the geographic shift between new refiners and large consumers,” said Braemar Senior Analyst Alexandra Alatari.

According to Kpler Inc., more than 200 million barrels are currently transported by sea, compared to 177 million barrels two years ago.

European Commission spokesman Daniel Ferry said at a briefing in Brussels on Thursday that the European Union and the G7 do not yet have the majority to allow a revision of the previously set ceiling on Russian oil prices.

Oil production - RIA Novosti, 1920, 29.03.2023

US Oil Stocks Drop Unexpectedly

Source: Ria

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