Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mexico Favoring Asia in Oil Seen Adding to Crude Tanker Demand

Don't Miss Out —
Follow us on:

Sept. 24 (Bloomberg) -- Rising Mexican crude oil exports to Asia are helping to boost demand for oil tankers because of the distances involved in the deliveries, according to Poten & Partners, a New York-based shipping consultant.

A measure of ship demand called ton-miles, multiplying cargoes by voyage lengths, expanded 8 percent this year for shipments from Mexico, Poten said in a report sent by e-mail Sept. 22. Demand for its crude from refineries in China, India and Spain is adding to tanker use, Poten said. Mexico normally sends more crude to U.S. refineries when its oil production strengthens, the company said.

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.