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Home Icon > About Us > News > Crude Storage at Sea Hits New Record at 160 Million Barrels – Sources

Crude Storage at Sea Hits New Record at 160 Million Barrels – Sources

By Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say. Organization of the Petroleum Exporting Countries […]

WP_Post Object ( [ID] => 224191 [post_author] => 4 [post_date] => 2020-04-17 14:29:16 [post_date_gmt] => 2020-04-17 14:29:16 [post_content] => tanker at seaBy Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say. Organization of the Petroleum Exporting Countries […] [post_title] => Crude Storage at Sea Hits New Record at 160 Million Barrels – Sources [post_excerpt] => By Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => crude-storage-at-sea-hits-new-record-at-160-million-barrels-sources [to_ping] => [pinged] => [post_modified] => 2020-04-17 14:29:16 [post_modified_gmt] => 2020-04-17 14:29:16 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139611 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )