Tonne-mile demand for US Gulf crude shipments contracted last year
Conventional wisdom is that rising oil exports from the US Gulf is good for crude tanker tonne-mile demand. The numbers tell a different story
Crude tanker tonne-mile demand for imports and exports out of the US Gulf contracted for the first time in 2019, as gains made in rising exports of shale oil failed to offset those lost via declining imports, according to Lloyd's List Intelligence data
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