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Market Impact: 0.25
Around 14 million barrels per day leaving Middle East, Vitol CEO says
Source: reuters.com
Energy Markets & PricesCommodities & Raw MaterialsTransportation & Logistics
Vitol's CEO said about 12 million barrels per day of crude oil and 2 million bpd of refined products left the Middle East on tankers over the prior 7–10 days. He described these volumes as needed to dampen price pressure; the article reports no market reaction.
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