(Bloomberg) -- Gains in the cost of shipping 80,000
metric tons of oil on Asian routes may be curbed in the next
several days as the supply of tankers increases, brokers
including Matsui & Co. said.
The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait climbed for a second day,
gaining 1.7 percent to 148.27 yesterday, according to the
London-based Baltic Exchange. Shipment cost on the route fell
1.2 percent in the week ended June 15, the first decline in
three weeks.
Read more at Bloomberg Energy News
metric tons of oil on Asian routes may be curbed in the next
several days as the supply of tankers increases, brokers
including Matsui & Co. said.
The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait climbed for a second day,
gaining 1.7 percent to 148.27 yesterday, according to the
London-based Baltic Exchange. Shipment cost on the route fell
1.2 percent in the week ended June 15, the first decline in
three weeks.
Read more at Bloomberg Energy News
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