BIMCO Search Results

Results for: oil

Showing 41 - 50 of 6313

Filter by location

Chinese crude oil demand needs 45 additional VLCC’s to support growth

31 October 2017

In 2019, global oil demand is forecast to pass the symbolic 100 million barrels per day threshold (International Energy Agency). Developing countries account for almost all of the growth and Asia dominate.  BIMCO stated in its forecast for 2017, that the tanker demand growth for 2017 is expected  to come predominantly from the greater Asia region, led by China. China has met expectations by ramping up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As China is importing crude oil from further afield in 2017 than in 2016, the tonne miles generated has surged 18%. 

US seaborne exports of oil products at an all-time high

05 March 2018

Following a seasonal surge in December 2017, the US seaborne export of oil products (materials derived from crude oil) reached the highest annual level ever, in terms of volume and tonne miles demand. An increase in volume, combined with a marginal increase in the average sailing distance, caused the total annual tonne miles demand to surpass the previous high set in 2013.

Argus Fuel Oil Summit

06 August 2019

Join 150 market representatives at the 39th Argus Fuel Oil Summit taking place in Miami this October. The deadline for IMO 2020 is quickly approaching and the industry is bracing for change. You can network with senior representatives across the fuel oil supply chain and understand how to best prepare your business for the first year of compliance.