Asian Refiners Ditch U.S. Oil as Supertanker Rates Hit $82M
Record-high freight costs for crude from the U.S. Gulf Coast have shut the arbitrage to Asia, prompting Asian refiners to turn to more barrels from the Middle East and South America.
Original · OilPrice.com AI summary of public reporting
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At publication → CurrentBRENTOIL101.05 → 102.21+1.1%
CL90.11 → 91.19+1.2%