Some refiners have paid as much as $150 a barrel for prompt cargoes as competition intensifies for barrels that can be delivered on time. Delays to scheduled cargoes and disruptions across key oil transit routes are forcing refiners to turn increasingly to the spot market.
Some refiners have paid as much as $150 a barrel for prompt cargoes as competition intensifies for barrels that can be delivered on time. Delays to scheduled cargoes and disruptions across key oil transit routes are forcing refiners to turn increasingly to the spot market.
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