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Sunday, November 29th, 2020
Home » Tag Archives: Tanker storage

Tag Archives: Tanker storage

Oil Traders Snap Up Tankers in Sign Second-Wave Glut May Be Near

Oil tankers at sea

BLOOMBERG, SEPTEMBER 11, 2020 By Sheela Tobben and Javier Blas for Bloomberg – Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary. The chartering spree is likely to alarm Saudi Arabia, …

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