Tanker: Nigerian cargo heading to the east is the re -calibration of the global school
GEopolitics increasingly form the landscape of the current tanker market. In a new weekly report, the Shipbroker Intermodal said that “the Nigerian oil industry enjoyed a rare moment. After years of poor and unsafe performance in Delta Niger, production has rebounded sharply, the average 1.71 million barrels per day in July -almost 10% higher than the same period last year. -The main thing is like the case.
Source: Intermodal
“At the same time, India, oil consumers with the fastest growth in the world, are re-calibrating their import strategies. Since 2022, New Delhi has become the biggest buyer of Russian crude oil in the sea, utilizing discounts that allow for refiners to touch themselves to the knowledge caused by war in Ukraine. In 2024, the barrel, the barrel. Washington.
According to Mr. Parganas, “The shift is significant, not because it marks the retreat of Indian substantial intake from Russian barrels, but because it shows the willingness of New Delhi to protect. Indeed, Nigeria’s volume to India is more than double the years from the years August. Recently. At a glance at first sight, the cost of landing to India is higher than the value of West Africa after shipping and logistics is taken into account.
Source: Intermodal
“Of course, there are limitations. Opec Nigeria’s quota limits production of around 1.5 million barrels per day, although in practice Abuja often ignores the ceiling or implies the advantage of Angola in reconsiding his membership. Meanwhile, where around it around it. Domestic supply.
According to the ship, “Distance and transportation costs are other obstacles. Nigerian barrels produce more tons of tons if they replace the Russian Far Far Kargo, which increases costs but simultaneously increases demand for tanker capacity. For the release of the market that is completed.
Nikos Roussanoglou, Hellenic Shipping News worldwide
