Oil At Sea Drops Sharply In Q3

Monday, October 11, 1999
Volumes of oil stored at sea shrank sharply during the third quarter with the consequent deliveries to refiners preventing a larger draw in onshore inventories, U.K. consultants Oil Movements said. "It looks as though stocks at sea bore the biggest share of the burden of downward adjustment (in OECD stocks) through the period," Oil Movements said in a report. It estimated stocks at sea fell by 400,000 bpd in three months to end-September. The deliveries ashore meant the third quarter draw onshore of crude and petroleum products was restricted to about 400,000 bpd. It said it expected stocks at sea to be rebuilt during the fourth quarter resulting in a larger onshore draw for the remainder of the year.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Lerwick Port Promoting Shetland Fishing Industry

The importance of investment in the Shetland fishing industry has been highlighted today by Lerwick Port Authority Chief Executive, Sandra Laurenson. The industry – white fish,

Five Years on from Macondo

An interview with NOIA’s Randall Luthi provides unique perspective on where the offshore energy business has been, where it is now, and where it could be headed next.

Offshore O&G: Weathering the Storm

Vessels are stacked as Gulf oil operators retrench and day rates fall. In the Gulf of Mexico, vessels serving offshore oil-and-gas exploration and production are

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0891 sec (11 req/sec)