Exxon Valdez oil spill Exxon Valdez oil spill The "Exxon Valdez" oil spill occurred in Prince William Sound, Alaska, March 24, 1989, when "Exxon Valdez", an oil tanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef, 1.5 miles west of Tatitlek, Alaska at 12:04 am local time and spilled (or a mass of 35,000 metric tonnes) of crude oil over the next few days. It is considered to be one of the most devastating human-caused environmental disasters. The "Valdez" spill is the second largest in US waters, after the 2010 "Deepwater Horizon" oil spill, in terms
Oil tanker sectors. The market is affected by a wide variety of variables such as the supply and demand of oil as well as the supply and demand of oil tankers. Some particular variables include winter temperatures, excess tanker tonnage, supply fluctuations in the Persian Gulf, and interruptions in refinery services. In 2006, the sustained rise in oil prices had only a limited impact on demand. It was a good year across all segments of the tanker market segments, but not as good as 2004 and 2005. Amidst high oil prices, geopolitical tension, and fears of disruptions to the oil supply, growing