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Oil trims losses after sharp slide on supply glut fears and iron ore sinks as Chinese demand worries mount - Telegraph.co.uk

Telegraph.co.uk

Oil trims losses after sharp slide on supply glut fears and iron ore sinks as Chinese demand worries mount
Telegraph.co.uk
The lag effect in the time it takes for production cuts to translate into cuts in oil imports, according to Bernstein. The average oil tanker takes 65 days to load up in the Arabian Gulf and sail to major markets in the US and Asia. This means any ...

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