Home World Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels

Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels

Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels

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Published: October 13, 2026 00:16:11 IST

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* Supertanker cost from Americas to Asia tops $40 a barrel * US refineries running at highest level in 28 years, EIA says * Canadian, Colombian and Ecuadorian heavy grades ease more than $10 a barrel

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