Monday 23 December 2024
 
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Unsold oil stuck on tankers threatens world market gridlock

As land storage sites worldwide reach brimming point due to a supply glut, tens of millions of barrels of oil are sitting on tankers looking for homes - threatening logistical paralysis.   The International Energ

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ME under pressure over unsold Abu Dhabi cargoes

Sentiment for Middle East crudes remained weak as unsold Abu Dhabi grades were assessed at lower differentials by traders with the appetite for September spot crudes believed to be mostly quelled. Views are expected to stay that way as the

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