Energy and oilUpdated November 9

Oil tanker rates fall, but stay high.

Tanker shipping costs are falling, but Bloomberg says they remain very high. The decline could make longer-distance crude trades more attractive; Asharq Business, also citing Bloomberg, points to possible effects on US exports and West African demand. Its excerpt asks what it costs to ship two million barrels to Asia, without giving a price. A lower rate can make the longer trip more appealing while the freight bill is still high.

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Coverage started November 9