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Asian refiners use smaller tankers, buy delivered crude as freight rates soar - Reuters

By · Published by Everything Blog

In short

Asian refiners are shifting from traditional tanker routes to smaller vessels and direct delivery, driven by escalating freight costs, which are altering the market's pricing landscape.

Key points

  • Freight rates are a key factor in the market's pricing dynamics.: Freight rates are a key factor in the market's pricing dynamics.
  • This change reflects the market's adjustment to high shipping costs.: This change reflects the market's adjustment to high shipping costs.

Asian refiners use smaller tankers, buy delivered crude as freight rates soar    Reuters

Original source: news.google.com

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