Oil tanker sizes range from general purpose to ultra-large crude ...
Sep 16, 2014 · The approximate capacity of a ship in barrels is determined by using an estimated 90% of a ship's deadweight tonnage, and multiplying that by a barrel per metric ton conversion …
Sources: Energy Information Administration (EIA) Forms EIA-813, "Monthly Crude Oil Report," EIA-817, "Monthly Tanker and Barge Movements Report." Rail movements estimates based …
The Strait of Hormuz is the world's most important oil transit ...
Nov 21, 2023 · The Strait of Hormuz is the world's most important oil chokepoint because large volumes of oil flow through the strait. In 2022, its oil flow averaged 21 million barrels per day …
U.S. crude oil storage capacity utilization now up to 60%
Mar 4, 2015 · Working storage capacity, which excludes contingency space and tank bottoms, is perhaps a more useful measure of capacity. From September 2013 to September 2014, total …
U.S. Gulf Coast port limitations impose additional costs on rising …
May 16, 2018 · Currently, most U.S. Gulf Coast petroleum ports are capable of accepting vessels with capacities of approximately 500,000 barrels of crude oil (AFRAMAX). The number of ports …
Weekly U.S. and regional crude oil stocks and working storage …
To estimate current working storage capacity utilization, we compare weekly reported crude oil stocks (excluding pipeline fill and estimated barrels in transit by tanker ship, barge, rail, or …
Low tanker rates are enabling more long-distance crude oil and ...
Oct 27, 2016 · With lower tanker rates, the price spread needed for economically attractive trade between two markets narrows, making it possible for importers to bring in distant supplies at …
Crude oil tanker rates are likely to remain low until global …
Oct 28, 2020 · Tanker rates have declined since mid-May because global crude oil production and demand are now more balanced. Tanker rates from the Arabian Gulf to Japan, one of the key …
Panama Canal expansion will allow transit of larger ships with …
Sep 17, 2014 · However, the Panama Canal is undergoing an expansion that will allow for the passage of larger vessels with capacities of approximately 400,000-680,000 barrels of crude …
Rail deliveries of oil and petroleum products up 38% in first half of ...
Jul 26, 2012 · Rail deliveries of crude oil and petroleum products in June alone jumped 51% to 42,000 tanker cars from a year earlier to an average weekly record high of 10,500 tanker cars …