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Sunday, January 21, 2018

EUROPEAN CRUDE OIL IMPORTS BY SOURCE

Over the last few years European crude oil imports from the Middle East have been reduced, whereas shorter-haul imports from within the European area have increased. This development, in the period 1995 to and including the first quarter of this year, is illustrated on the graph on the tanker market pages on our web site. Total European crude oil imports have been at a standstill since 1995. The most spectacular recent change in import patterns is the reduced imports from Saudi Arabia and Iran, and the increased imports from Iraq and the former Soviet Union. The Iraqi exports are through the Ceyhan pipeline through Turkey.

For further market information, please visit the INTERTANKO tanker market pages on our web’s members' area.