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Strong demand has US oil imports on the rise

Oil demand is surging, as are volumes of oil being transported. Total import volumes between the US and Europe have increased by 49.8 percent this year, which is the highest rise on record, writes Bimco.

Photo: Colourbox / arkivfoto

Demand for oil products is once again seeing tailwind in the US, where imports surged by 25.9 percent in the first seven months of the year compared to the same period last year.

A total of 26.1 million tonnes of oil have this year been imported to the US from Europe, which is the largest increase on record, writes Bimco.

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