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Iran Exports Crude at 20% Premium Even as Unsold Barrels Pile Up at Sea
Crude oil in floating storage off the Iranian coast is on the rise amid reluctance among buyers, Bloomberg reported today, citing data from Vortexa and its own calculations, suggesting some 58 million barrels are sitting on tankers.
Summary
Crude oil in floating storage off the Iranian coast is on the rise amid reluctance among buyers, Bloomberg reported today, citing data from Vortexa and its own calculations, suggesting some 58 million barrels are sitting on tankers.
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