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crudeoil24

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Re: TruckingAngler post# 2557

Thursday, 06/09/2022 7:51:47 AM

Thursday, June 09, 2022 7:51:47 AM

Post# of 6856
The shipping rates for these tankers are based on WTI / Brent . The higher the petroleum markets, the higher the rates. IMPP revenues / gross profits are directly related to the price of oil. Also these ships can use 20,000 gallons of diesel fuel per hour while transporting their loads.
Profit margins are increasing . CEO stated IMPP rates are recently up 500% - 700%.


Too many relate IMPP direct to oil.
IMPP is transport of oil which will increase demand no matter price of oil…

New York Yankees and Duke Basketball

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