An oil tanker, also known as a petroleum tanker, is a merchant ship designed for the bulk transport of oil. There are two basic types of oil tankers: the crude tanker and the product tanker. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets.
Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of 550,000DWT. Tankers move approximately 2,000,000,000 metric tons (2.2×109 short tons) of oil every year. Second only to pipelines in terms of efficiency, the average cost of oil transport by tanker amounts to only two or three United States cents per 1 US gallon (3.8L).
Russia has increasingly had to turn to a so-called "ghost fleet" of aging tankers to ship oil and avoid the cap ... The group is asking Liberia and the Marshall Islands to increase awareness among those in the trade that its flag should not be used for tankers transporting oil priced above the cap.
Around mid-August, at least two major Russian oil companies threatened to divert a dozen tankers carrying up to a million tons of oil heading to India to other destinations ... In recent weeks, Washington imposed the first sanctions on owners of tankers carrying Russian oil priced ...
Joint Commissioner of Police (Law & Order), Upendra Aggarwal, clarified, “Large commercial vehicles covered by this ban include those transporting oil, gas tankers, construction materials, and contract carriage private buses (All India Permit buses).”.
HOUSTON, Dec 1 (Reuters) - Venezuela's oil exports remained almost unchanged in November at 651,000 barrels per day (bpd) even as an easing of U.S. sanctions is now allowing sales to trading houses, according to shipping and tanker tracking data ...Besides seeking spot cash oil sales, PDVSA also has ramped up fuel imports since October.
When the 416ft Koru pulled into Port Everglades in Florida this week, the Amazon founder’s boat had to be moored not among the yachts in the marina but in a berth typically reserved for oil tankers.Sponsored ...Related articles ... VIDEO ... .
The two oil tankers were named Liwa and Taraz – after ancient cities in the UAE and Kazakhstan, ... This latest investment brings the total number of oil tankers operating under the KMTF agreement to five, following the acquisition of three Aframax tankers earlier in 2023.
This follows the first round of actions launched on October 12 which blocked two crude oil tankers and a second round of sanctions on November 16 which also targeted three tankers indirectly associated with Russia’s Sovcomflot.
WASHINGTON, Dec 1 (Reuters) - The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities and three oil tankers as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
First, Jeff Bezos’ new megayacht was too big to pass under a bridge in the Netherlands...Instead, the megayacht, named Koru, is hanging with huge oil tankers and general container ships ... Bloomberg estimated his net worth to be $171 billion ... Ships that have been closest to Koru include a more-than 610-foot-long oil tanker named MagnoliaState ... ....