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Blending the New Oil Shuffle

Oil markets are never static. The events of 2014 prove that any complacency in thinking about how they move will result in errors and mistaken conclusions. The major oil companies, with a long history in the industry, always use very low oil price levels in both testing the robustness of their long-term investments and acquiring competitors with attractive asset portfolios.

The logistics side of the industry has also been evolving dramatically. Today it is increasingly common to see the so-called Long Range 3 Product Tankers (LR3) being used to haul oil products to markets. The effect of these changes and other related factors are bringing about a revolution in how the industry looks to supply the market.

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Read the full article by Charles Daly
Owner and Executive Chairman
of Channoil Consulting Limited

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