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Oil products will still dominate Canal

Thursday, June 23, 2016

The opening of an expanded Panama Canal in coming days is expected to have a limited impact on most petroleum flows, and products will still dominate transit through it rather than crude, the U.S. Energy Information Administration said on Wednesday.

Crude is typically transported in tankers larger than allowed by the new capacity of the Canal, only the traffic of smaller vessels carrying refined products is expected to increase, the EIA said.

Source: Reuters