Gasoline to U.S. Seen Slumping Amid Biggest Stocks in Years
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The flow of European gasoline to the U.S. is poised to decline in the next two weeks as record fuel stocks for the time of year deter imports and cause shipping rates to slump, a Bloomberg survey showed.
Traders and oil companies will book 24 tankers to load the fuel during the two weeks to Feb. 6, according to the median estimate in a survey yesterday of seven shipbrokers and traders specializing in the trade. A week ago they expected 27 ships to be chartered in the corresponding period.