Wider gap: An oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, China. The discount of Middle East’s Dubai crude to London’s Brent could widen beyond US$8 a barrel from current levels around US$4, according to Citigroup Inc. — Reuters
THE global push for cleaner-burning ship fuel is threatening to drive the value of Middle East crude to a record low even as supplies are squeezed.
The discount of Middle East’s Dubai crude to London’s Brent could widen beyond US$8 a barrel from current levels around US$4, according to Citigroup Inc.
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