Oil-Hungry Asia Lures Armada of Tankers Carrying U.S. Crude
- About 20 vessels fixed, some provisionally, for Dec. loading
- China, Korea among those who outbid others for spot supplies
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A fleet of around 20 tankers laden with U.S. crude oil is expected to leave for Asia this month as the region continues to outpace the rest of the world in its recovery from the Covid-19 pandemic.
The vessels have been booked, some of them provisionally, to load crude from the U.S. Gulf Coast this month for delivery to the Far East, according to shipping fixtures and shipbrokers. Most are supertankers that can each carry about 2 million barrels of oil.