28NOV2017 - NEWS - Rise in demand of Crude oil Carriers expected by 2024

As per the recently released market report having title - “ Crude Oil Carriers Market – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 – 2024.” by Transparency Market Research, the crude oil carriers market is assumed to reach US$217 Bn by 2023 at a CAGR of 3.5% from 2016 to 2024.

Basic types of oil carriers include crude oil carriers and product carriers. Crude oil carriers transport unrefined crude oil from exploration and production facilities to crude oil refineries, while product carriers ship refined products to points close to consuming markets.