Europe seeks to maximize alternatives to Russian oil as more supertankers sail from U.S. to Europe
For the first time in more than six years, U.S. crude oil is being shipped by supertanker to Spain as Europe becomes increasingly dependent on U.S. energy to compensate for supply disruptions caused by the Russia-Ukraine conflict.
Tracking data shows that in mid-April, the supertanker Solana shipped a portion of its 2 million barrels of crude oil to the Spanish port of Bilbao, before offloading in the German port of Wilhelmshaven and the Dutch port of Rotterdam. the Solana received U.S. crude oil in the Gulf of Mexico before sailing to Europe.
Historically, the vast majority of U.S. crude oil shipments to Europe have been made by small and medium-sized tankers with capacities between 600,000 and 1 million barrels, rather than via supertankers with capacities of up to 2 million barrels, which are more popular on long-haul routes, such as from the U.S. to Asia.
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