Tanker Rates Price US Crude Out of Reach for Asia
Record high tanker freight rates are pricing US crude oil out of reach for Asian refiners. Buyers are now seeking alternative supplies from the Middle East and Latin America to maintain margins.
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Xurve View
Tanker freight rates surging to $80 million are pricing United States crude out of China and wider Asian markets. The spike forces regional refiners to pivot toward Middle Eastern and Latin American alternatives.
