Asian Buyers Seek Oil From Closer to Home as Shipping Costs Soar
A crew member uses binoculars on the bridge of the oil tanker ‘Devon’ as it prepares to transfer crude oil from Kharg Island oil terminal to India. (Photographer: Ali Mohammadi/Bloomberg)

Asian Buyers Seek Oil From Closer to Home as Shipping Costs Soar

(Bloomberg) -- Soaring oil tanker costs are boosting Asian demand for crude grades produced closer to home.
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