October 03, 2024 16:34 GMT
OIL: Global Seaborne Crude Flows Slip Further in September
OIL
There has been a consistent decline in global seaborne crude exports through 2024, especially out of the Middle East and Europe according to Vortexa.
- The declines have primarily been underpinned by Middle East cuts and new refinery startups.
- Libyan exports in September were the key aspect that pulled global exports deeper into negative territory in September (though are set to resume Thursday).
Source: Vortexa
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