Ras Tanura Oil-Tanker Capacity Seen Jumping 29% in Latest Week
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The combined carrying capacity of oil tankers calling at Saudi Arabia’s Ras Tanura jumped 29 percent in the week ended July 13, vessel-tracking data compiled by Bloomberg show.
The implied capacity of vessels calling at the world’s largest crude-export complex expanded to the equivalent of 9.61 million barrels a day from 7.46 million barrels for the prior week, according to signals gathered by IHS Fairplay, a Redhill, England-based maritime research company. The data may be incomplete because not all transmissions are captured.