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NORTH AMERICA

Slug goes for broke

WATCHING the oil price is one way of knowing whether the industry is improving but there are two better ways, one of which Slugcatcher started doing about a year ago and that’s watching shipping movements – or lack of movement to be specific.

Slugcatcher
Slug goes for broke

The ships in question were those moored off cities with big oil refining capacity, especially Singapore, the traditional centre of the business in Asia.   Lots of full tankers waiting to berth and...

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