Riviera Maritime Media: Tanker demand in 2020: not what was expected

December 28, 2020

As the pandemic took hold, crude oil refineries began to reduce capacity. Poten & Partners head of tanker research & consulting Erik Broekhuizen reported that in 2020 the US closed around 7% of its refinery capacity: “Refinery closures on the east and west coast of the country will lead to more product imports (from Europe and the Far East respectively),” he said in a recent report.

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