Monday, June 18, 2007

Persian Gulf Crude Oil Tanker Rates May Rise as Producers Reveal Programs

(Bloomberg) -- The cost of shipping Middle East
crude to Asia on supertankers may extend four days of gains as
oil-producing nations tell companies when to have vessels in
place to load at Persian Gulf ports.

Saudi Arabia, the world's biggest oil producer, Iran, and
the United Arab Emirates this week may release port-loading
schedules for July crude shipments, stoking demand for tankers,
said Per Mansson, a tanker broker for Nor Ocean Stockholm AB, in
an e-mailed note today.


Read more at Bloomberg Energy News

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