Giant oil ships from the US to cut time, money and traders

The possibility of loading oil onto supertankers from the LOOP oil terminal in Louisiana could reduce export costs by cutting time, money and traders.
Photo: Bloomberg
Photo: Bloomberg
BY SERENE CHEONG, BLOOMBERG

Big oil tankers sailing from the US are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world's top crude-buying region.

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