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'Zero price' clause added by oil sellers
April 30, 2020

'Zero price' clause added by oil sellers

After the US crude futures collapsed into negative territory, the suppliers have become very cautious. According to the sources, crude and condensate sellers to Asia have added 'zero price' clause in their contracts. This will prevent the prices of their crude to go down below $0 and protect their interests. The new clause has been appreciated by Asian buyers.

   Read More About : Asia DOWNSTREAM US Crude Supply
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