The volume of world crude and products trade fell by 1.5% to 1,987 million tonnes in 2002 after an increase of 0.5% in 2001, according to Fearnleys’ just released annual review of world seaborne oil trade. Fearnley said that as OPEC lost market share and Russia increased exports, crude oil shipments decreased by 2.7% to…
MARKETS: World seaborne oil trade 2001 and forecast 2002-2003 Ð Fearnleys
Posted on March 24, 2003 by EnergyAsia