Cheap shipping rates are redrawing long established oil-trade routes, with some vessels spending weeks at sea
From Norway to the Bahamas, from Algeria to Australia.
Ultra-low crude prices
combined with cheap shipping rates are encouraging a host of exotic new
oil trading routes that wouldn't look out of place in the latest travel
exporters are tapping into new markets as they attempt to work through a
glut in crude supplies that’s reshaping oil market economics and
redrawing decades-old shipping routes.
Read the whole article on Bloomberg here: The Crazy, Mixed-Up Global Oil Market
The MasterEnergy Blog