Tuesday, September 13, 2016

Cheap shipping rates are redrawing the Global #Oil Market

Cheap shipping rates are redrawing long established oil-trade routes, with some vessels spending weeks at sea 

From Norway to the Bahamas, from Algeria to Australia.

Ultra-low crude prices
combined with cheap shipping rates are encouraging a host of exotic new
oil trading routes that wouldn't look out of place in the latest travel

exporters are tapping into new markets as they attempt to work through a
glut in crude supplies that’s reshaping oil market economics and
redrawing decades-old shipping routes.

Read the whole article on Bloomberg here:  The Crazy, Mixed-Up Global Oil Market

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