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HomeBusinessAmericas have glut of heavy oil due to freight squeeze; Asia, Europe...

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

HOUSTON, Oct 12: Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits. The glut in North and South America has opened an unusual split in the

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