EU’s Ban on Russian Fuel to Spark a Jump in Global Tanker Demand
09.12.2022 By TankTerminals.com - NEWS

August 12, 2022 [Reuters] – The European Union’s ban on Russian fuel imports is likely to actually increase the world’s need for oil tankers, according to vessel owner Torm A/S.

 

Seaborne arrivals of crude from Russia into the EU will be outlawed from early December, and imports of diesel, jet fuel and other oil products will be banned a couple of months after. That means the region will have to bring in replacement supplies from farther away, while Russian barrels will also have to find new homes.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Altagas and Royal Vopak Achieve Positive FID for Ridley Island Energy Export Facility in British Columbia
05.30.2024 - NEWS
May 30, 2024 [Storage Terminals Magazine]- AltaGas Ltd. and Royal Vopak have reached a significan... Read More
Germany Repurposes Underground Gas Storage for Green Hydrogen
05.30.2024 - NEWS
May 30, 2024 [Oilprice]- Germany’s government approved on Wednesday a draft law to enable faste... Read More
Iran to Launch $4.6 Billion Worth of Oil Projects
05.30.2024 - NEWS
May 30, 2024 [Oilprice]- Iran will soon launch 32 oil industry projects worth a total investment ... Read More
Aethon Energy to Buy Tellurian Upstream Assets for $260 Million
05.30.2024 - NEWS
May 30, 2024 [Reuters]- Aethon Energy said on Wednesday it would buy Tellurian’s upstream a... Read More