WORLD OIL SUPPLIES
Gigantic Scramble in Progress (Received 4, 8.0 a.m.) LONDON, March 3. Mr Hector Bywater, in the Daily Telegraph, says tliat th© quantity of oil now being transported by Bea is probably the greatest in history. Most non-producing nations appear ta be building up the largest possible reserves against contingeneies. Britain normally imports over 9,000,00O tons of oil preducts annnally, bnt volume has recently substantially inereased, France, Italy, Japan and Germany are all clamouring for supplies, and the world-wide demand is tlirowing a strain on the international tanker fleet. A shortage of transport is threatened and freights have risen sharply, which will probably mean that oil products will rise in price.
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Hawke's Bay Herald-Tribune, Issue 41, 4 March 1937, Page 5
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113WORLD OIL SUPPLIES Hawke's Bay Herald-Tribune, Issue 41, 4 March 1937, Page 5
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