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Asian refiners use smaller tankers, buy delivered crude as freight rates soar – Reuters
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Soaring shipping costs force Asian refiners onto smaller tankers and delivered crude Alternative options: – Asian refiners shift to smaller tankers and delivered cargoes as freight rates spike – Freight-rate surge pushes Asian refiners toward smaller shi

by Mia Garcia
written by Mia Garcia

Hit by surging freight rates, Asian refiners are switching to smaller tankers and buying more delivered crude – a move that’s squeezing margins, rerouting trade flows and shifting risk onto …

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