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Biggest Contango Since 2018 Could Buoy Floating Oil Storage

By Julia Payne and Florence Tan LONDON/SINGAPORE, Feb 11 (Reuters) – The oil market this week took a turn that could prompt traders to consider storing oil offshore as a growing crude surplus threatens to worsen. The coronavirus outbreak in China, the world’s biggest oil importer, has triggered a fall of more than $10 in Brent crude […]

WP_Post Object ( [ID] => 222420 [post_author] => 4 [post_date] => 2020-02-11 16:55:05 [post_date_gmt] => 2020-02-11 16:55:05 [post_content] => oil tankerBy Julia Payne and Florence Tan LONDON/SINGAPORE, Feb 11 (Reuters) – The oil market this week took a turn that could prompt traders to consider storing oil offshore as a growing crude surplus threatens to worsen. The coronavirus outbreak in China, the world’s biggest oil importer, has triggered a fall of more than $10 in Brent crude […] [post_title] => Biggest Contango Since 2018 Could Buoy Floating Oil Storage [post_excerpt] => By Julia Payne and Florence Tan LONDON/SINGAPORE, Feb 11 (Reuters) – The oil market this week took a turn that could prompt traders to consider storing oil offshore as a growing crude surplus threatens to worsen. The coronavirus outbreak in China... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => biggest-contango-since-2018-could-buoy-floating-oil-storage [to_ping] => [pinged] => [post_modified] => 2020-02-11 16:55:05 [post_modified_gmt] => 2020-02-11 16:55:05 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=138632 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )