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Tanker rates soar on strong global fuel demand

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Fuel demand has been strong across the globe, particularly in the Middle East, East Africa and Asia.

Singapore

RATES for tankers carrying refined fuels such as petrol and diesel have soared this month as trade activity picked up and caused a supply crunch in ships, several shipbrokers and traders said.

The high rates indicate strong consumer fuel demand due to the persistently low

sentifi.com

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