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Javier Blas: Freight costs disrupt oil market, location drives Canadian crude pricing

Javier Blas: Freight costs disrupt oil market, location drives Canadian crude pricing
Freight costs split oil by region

High freight costs are fragmenting the physical oil market, causing oil prices to vary significantly depending on location. In a tweet, Javier Blas, an energy and commodities columnist at Bloomberg, highlighted that Canadian crude serves as an example of these large regional price disparities.

Blas recently reported that global crude oil shipments in transit are approaching record highs, with no Iranian barrels present in the latest surge. He has also covered developments among major commodity traders, including Gunvor’s plan to rebrand as Centalion and shift its headquarters to Singapore. These updates provide further context on logistics and trading shifts in global oil markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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