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).
Efforts to get fuel supplies to areas in the United States facing shortages have been slowed because shipowners have mothballed U.S.-flagged oil tankers that can make coastal voyages, shipping sources said on Wednesday ...Only U.S.-flagged tankers are permitted to make voyages carrying U.S.
Oil tanker trains would have to travel an added distance to bypass the state of Michigan and incur higher per barrel transportation cost ...Marie and towns along on the North Channel of Lake Huron, allowing a convoy of oil tanker trains to operate along that stretch of railway line until a section of oil pipeline is installed.
...Qingdao port will hold 51% equity interests in Haiye oil terminal ... It is equipped with 17 oil tankers with a storage capacity of 1.04m cubic meters and connected with crude oil tanks of the Huangdao oil port area by oil pipeline. .
In addition to price increases at the pump, charter rates for oil tankers rose in the last few days, as US refiners booked tankers to store fuel. Traders had also booked tankers to ship gasoline and diesel ...
tankers, dry-bulk and containers. Tankers transport crude oil and natural gas ... Thus, demand for oil and natural gas is relatively stable and grows at a rate of 5 percent or below a year and is quite predictable given seasonality (higher use of heating oil in the winter and higher use of air conditioning in the warmer countries in the summer).
Romain Oil -- a local fuel wholesaler and Y-Not convenience store chain owner -- issued a statement saying the situation with Colonial Pipeline may cause some temporary delays due to oil tanker trucks having to be rerouted to other terminals to load their cargo of fuel, but "we are not expecting any major widespread outages locally.".
Who remembers the oil embargo by the ArabNations in 1973? The facts are. hundreds of fully loaded oil tankers were anchored off our coasts that could not be unloaded because our land-based tanks were full to capacity ...Big Business philosophy is ... Another welcome excuse for big oil companies to raise prices ... .
Announced delays in new capital expenditure by many oil majors in 2020 have had a negative impact on the demand for shuttle tankers and, given the uncertainty around the continuation of the COVID-19 situation, this dampened demand could persist ... and pricing for shuttle tankers.
It also should exert maximum pressure to prevent the Safer oil tanker from being used for political extortion and allow the United Nations inspection team to conduct necessary assessments ... United Nations experts must be permitted to inspect the Safer oil tanker, he said, as it may lead to an environmental and humanitarian disaster.
Efforts to get fuel supplies to areas in the United States facing shortages have been slowed because shipowners have mothballed U.S.-flagged oil tankers that can make coastal voyages, shipping sources said on Wednesday ... "This waiver will help provide for the transport of oil ...
The development came only two days after a convoy of 27 US military vehicles loaded with wheat crops and crude oil entered the Iraqi territories after crossing al-Waleed border crossing ... “Americans and their allies are targeting the Syrian oil wealth and its tankers just like pirates,” the Syrian oil minister said.
Increased demand should mean increased supply, right? The WestTexas oil boom did lead to some of the lowest prices in a generation in the late 2010s ... At one point, companies were scrambling to find a place to store all of the oil, including in warehouses, on giant tankers, anywhere they could put it ... oil.