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Corona virus boosts oil exports from the USA to Europe

Corona virus damage to demand in continental Asia increases US oil exports to Europe.

Traders and shipping traders have said that as oil demand in the Asian continent declined due to the spread of the Corona virus, US oil exports to the European continent are expected to increase next month, Reuters reported from New York.

Two shipping dealers said that efforts to rent Aframax oil tankers with a capacity of 600,000 oil barrels to carry oil across the Atlantic Ocean (between the US and Europe) have increased.

One source said that Petrochina, Trafigura, Vitol, Lukoil and Exxon Mobil are among the companies seeking to ship US oil shipments to Europe.

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