Tag: dirty
Upward revision of the monthly volume of dirty oil flows to China since the beginning of September
The third week of October saw a noticeable improvement in market sentiment in the crude oil freight sector. At the same time, we have observed an increase of rates in the clean tanker segment. This upswing can be attributed to the new geopolitical crisis between Iran and Israel, which has led to a significant level…
US dirty tanker export demand jumps 33% year-on-year
US oil production has increased since 2013 while US refinery runs peaked before the COVID pandemic. This has allowed dirty tanker exports to increase from 0.4 million barrels per day (mbpd) in 2016 to 3.5 mbpd during the first eight months of 2023. During the same period export deadweight tonne miles have grown at an…
