First let's discuss crude oil.2021 So far, the world consumes about 97.4 barrels of oil per day. Objectively speaking, that's about 42 gallons (159 liters) per barrel. In the U.S., 90% of oil ends up in pipelines across the country. But oil is also transported across the U.S. in train cars, tanker t

With the Panama Canal implementing sharp cuts in the number of booking slots for transits in the coming months tankers are set to be squeezed out of using the key waterway.In its weekly report broker Poten noted that oil tankers were relatively minor participants in the canal’s transit numbers but t

Oil tanker operations play a crucial role in the global economy, ensuring the efficient transportation of oil and petroleum products across vast distances. However, these operations also come with inherent risks that need to be addressed to ensure the safety of the crew, the environment, and the car