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Hike in M-E crude refining lifts long-haul tanker rates

Wednesday, October 2, 2013 - 06:00

[LONDON] The biggest expansion in Middle East crude refining on record is driving rates for vessels hauling everything from diesel to jet fuel toward a six-year high. The Middle East will this year increase capacity to process crude by 530,000 barrels a day, or 6.4 per cent, the most in data

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