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Will a demand for oil force ports to upgrade?
Global demand for transshipments of heavy oil will force ports to upgrade their infrastructure, says a US-based broker and consultant
Over the last decade, the US has developed into the largest crude oil producer in the world, says Poten & Partners, thanks mainly to fracking for shale oil in Texas and some other states.
But this lighter oil is mainly exported and there are signs that US ports are unable to handle the increasingly large carriers needed for the trade.
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