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USG Crude Shipments to Europe to Hit 2.2mbpd in Feb

OIL

Observed crude oil shipments from the US Gulf to Europe are on track to reach 2.2mbpd in February, the highest level since 2016, Bloomberg ship tracking data and fixture reports showed.

  • 27 tankers carrying around 27mn barrels of oil have arrived in Europe from the US Gulf so far this month with another 40 tankers carrying around 37.3mn barrels expected to arrive by the end of this month.

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