Demand for fuel tankers is spiking due to a reshuffle in global trade routes and the geography of new refining capacity.
- Mar 31, 2023, 3:53 AM CDT
The rising demand is a result of a global trade reshuffle that has seen Russia redirect fuel to Asia and Europe buying more fuel from elsewhere. So far into 2023, a total of 38 mid-range fuel tankers have been ordered, the highest number since 2013, per data from shipbroker Braemar cited byThe new global trade order after the EU and G7 embargoes and price caps on Russian oil products, as well as the rise in Asian and Middle Eastern refining capacity while facilities closed in the U.S. and Europe, have created a wider geographical dislocation between new refining capacity and major consuming centers.
Using ship-to-ship loadings, Russia is shortening the routes for tankers headed to Africa and Asia as Moscow is now banned from exporting fuels to the EU.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
PetroChina Sees Chinese Fuel Demand Rising By 3% From Pre-Covid Levels | OilPrice.comPetroChina expects China’s fuel demand to rise by 3% in 2023 compared to pre-Covid levels.
Consulte Mais informação »
Expert's fuel price warning for drivers of diesel vehiclesDiesel is being sold for a much higher price than petrol - but the wholesale price is virtually identical
Consulte Mais informação »
Repsol Invests $217 Million In Sustainable Jet Fuel Production | OilPrice.comRepsol has invested a whopping €200 million ($217 million) in southeast Spain to set up a plant that converts used cooking oil into sustainable aviation fuel (SAF).
Consulte Mais informação »
Westinghouse Secures Czech Nuclear Fuel Contract | OilPrice.comWestinghouse will replace Russia's TVEL as the supplier of nuclear fuel to CEZ's Dukovany nuclear power plant, solidifying their position as a major supplier of nuclear fuel in the Czech Republic
Consulte Mais informação »
Drivers recommended simple petrol hack to slash fuel bills by '£406 a year'Motorists could save hundreds a year on petrol and diesel costs by following this one piece of expert advice.
Consulte Mais informação »
British motorists could save £400 a year on fuel, experts sayFamilies across the UK struggling with the cost of living are finding the cost of filling up a particular challenge.
Consulte Mais informação »