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Too many vessels spoil the oil tanker rate - Nikkei Asian Review

Nikkei Asian Review

Too many vessels spoil the oil tanker rate
Nikkei Asian Review
TOKYO -- The freight rates that large oil carriers charge on certain routes have plunged about 30% since the beginning of the year. The reason is twofold: There are suddenly more tankers looking for work and less demand for their services because of ...
Oil Prices Mixed on Saudi Commitment to Cut OutputFox Business

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