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Market Impact: 0.25
Soaring freight rates threaten Asia's appetite for US crude
Source: reuters.com
Energy Markets & PricesCommodities & Raw MaterialsTransportation & LogisticsTrade Policy & Supply Chain
Record-high tanker freight rates are making US crude oil uneconomical for Asian refiners, according to traders and shipbrokers. Refiners are seeking alternative supplies from the Middle East and Latin America; the article gives no rate figures or volume estimates.
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