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Delays in the Turkish straits put freight markets and Urals Med crude under pressure

Delays in the Turkish straits put freight markets and Urals Med crude under pressure

Oil Markets · S&P Global Platts

January 9, 20198m 16s

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Show Notes

The Turkish straits form the link between the Black Sea and the Mediterranean – a crucial choke point for transporting crude oil. But this year, poor weather and frequent closures in the Bosporus and Dardanelles have led to the longest shipping delays through the straits in at least 10 years....