Transporting and Storing Oil

Published on 01.14.2015

15 min read

High School

is transported either by land, via pipelines, or, more typically by sea, on board tankers that are subject to strict security and safety requirements. Storing oil allows supply to be adjusted to demand and helps deal with potential international crises.


Transporting Oil by Sea

Oil shipping accounts for nearly a third of global maritime trade. The capacity of the world’s fleet of tankers, the ships that transport crude oil and petroleum products, has increased by 73% since 2000. They travel the world's major shipping lanes, passing through strategic locations such as the Strait of Hormuz, the Strait of Malacca, and the Suez and Panama Canals.

Learn more

Maritime Oil Transportation Safety: A Major Issue

Oil companies, ship owners and states all have a role to play in implementing the rules that ensure the safety of oil shipping. Major oil spills have decreased eightfold over a period of 30 years.

Learn more

Petroleum Reserves

Industrialized countries build oil and gas reserves so they can adjust supply to fluctuating consumer demand in real time and hold crude oil while it awaits refining. Oil stocks are also a buffer against the fallout from international crises.

Learn more

This may interest you

See all