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Asia & China

LA Port: 33%+ Shipping Plunge Hits O&G Demand

OMC Editorial Desk 12 months ago 1 min read

Investors in the oil and gas sector must closely monitor the latest indicators emerging from key logistical hubs, as a significant downturn in cargo traffic at the Port of Los Angeles signals potential headwinds for energy demand. Officials overseeing the prominent US west coast port have announced a sharp anticipated decline in incoming cargo vessels, a development with clear implications for global fuel consumption and economic activity.

West Coast

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