Wednesday, June 20, 2007

Caribbean Oil Tanker Rates Fall on U.S. Inventory Gains, Refining Slowdown

(Bloomberg) -- Rates to ship crude oil from the
Caribbean basin fell as a U.S. Energy Department report indicated
oil stockpiles increased and refinery utilization rates fell.

Two Aframax tankers, which each can transport about 600,000
barrels of oil, were hired today for an average rate in the
industry standard Worldscale 145, according to a daily report
from Houston-based shipbroker Lone Star, R.S. Platou.


Read more at Bloomberg Energy News

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