(Bloomberg) -- The cost of shipping 80,000 metric
tons of oil on Asian routes fell 1.2 percent yesterday as
refiners held back on booking ships to transport their July oil
purchases, leaving a glut of vessels competing for business.
The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait dropped to Worldscale 144.42
yesterday, according to the London-based Baltic Exchange.
Read more at Bloomberg Energy News
tons of oil on Asian routes fell 1.2 percent yesterday as
refiners held back on booking ships to transport their July oil
purchases, leaving a glut of vessels competing for business.
The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait dropped to Worldscale 144.42
yesterday, according to the London-based Baltic Exchange.
Read more at Bloomberg Energy News
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