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A Slow Start To The Month For Oil Prices ...Middle East
Oil markets lost some of their bullish shine at the start of October, with a strong dollar, worrying economic data out of Europe, and the prospect of another OPEC+ policy change weighing oil prices down.Chart of the Week- Negative price arbitrage for Atlantic LNG cargoes going into Asia has been limiting flows into Asia since April, a potentially dangerous trend heading into peak winter season.- There has been an increasing reluctance to divert more Atlantic Basin LNG cargoes towards Asia due to Panama Canal congestion, high freight rates, and…
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