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To: thackney
Spending $2.5 a barrel to ship to gain a $1 price gain.

That would depend on the current spread between Saudi prices for exports to the US vs exports to Asia. It should cost roughly the same to ship to Asia vs the US. If US prices for Saudi crude are lower than Asian prices, it should pay for a US buyer to ship it to Asia after leaving Saudi port facilities, either directly or by transferring the cargo en route. Theoretically. I expect there are practical difficulties.

19 posted on 11/04/2014 5:14:02 AM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Zhang Fei

This was a 45¢ discount.


26 posted on 11/04/2014 5:19:07 AM PST by thackney (life is fragile, handle with prayer.)
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