EconomyFreight squeeze leaves Americas awash in heavy oil as Asia and Europe scramble for barrels
Heavy crude, often favored by refiners worldwide for its relatively low cost, is accumulating in the Americas. High freight rates have hampered exports, while US refineries are operating near capacity, as buyers in Asia and Europe compete for barrels.
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Reuters★★☆☆☆2026-10-12 20:30Original
Freight squeeze leaves Americas awash in heavy oil as Asia and Europe scramble for barrels
Economy