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W. Africa Crude-East Asian demand perks up as backwardation, freight ease – Reuters Africa

July 5, 2019 0Middle East Logistics News

… loading period as backwardation and freight rates eased, but lacklustre margins … as the longer a crude cargo stays in transit, the more … Asia are taking on 10 cargoes, eight of them VLCCs … and poor margins.
* Around 15 cargoes remain for August loading.
NIGERIA …
W. Africa Crude-East Asian demand perks up as backwardation, freight ease – Reuters Africa


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