The Crude Report: Freight loses some Covid-19 weight
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After an unprecedented rise earlier this year thanks to a surge of floating storage demand, the Weight of Freight – freight's share of the delivered cost – has returned to the more typical 5% - 10% range for US-to-China shipments. In this episode of The Crude Report, Nicholas Watt, Freight editor for the Americas, is joined by Michael Connolly, Freight reporter, to discuss the freight side of US crude oil exports.
