(Bloomberg) -- The cost of transporting Middle
East crude oil to Asia, down 15 percent in the past month, may
extend declines, forcing shipowners to keep leasing out
supertankers at a loss.
There are enough ships available in the Persian Gulf in the
first two weeks of August to handle about three-quarters of
potential cargoes, Paris-based shipbrokers Barry Rogliano Salles
said in an e-mailed report yesterday. There are 96 ships free
until Aug. 16, compared with 124 cargoes scheduled for
collection this month.
Read more at Bloomberg Energy News
East crude oil to Asia, down 15 percent in the past month, may
extend declines, forcing shipowners to keep leasing out
supertankers at a loss.
There are enough ships available in the Persian Gulf in the
first two weeks of August to handle about three-quarters of
potential cargoes, Paris-based shipbrokers Barry Rogliano Salles
said in an e-mailed report yesterday. There are 96 ships free
until Aug. 16, compared with 124 cargoes scheduled for
collection this month.
Read more at Bloomberg Energy News
No comments:
Post a Comment