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Libya Energy Coronavirus

Europe’s falling oil demand hits Suez Canal tanker transits

BIMCO reported a 27% reduction in the number of oil tankers passing through the Suez Canal in October. Coronavirus lockdowns seen hitting future consumption as restrictions expected to worsen

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The reduced need for tankers follows falling demand for oil as European countries impose lockdown measures to ward off the coronavirus pandemic, as well as from the prospect of increased supplies of oil from nearby Libya

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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