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Floating Oil Storage Grows Off California Coast

By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with nowhere to go as fuel demand collapses. Almost three dozen ships — scattered in waters from Long Beach to the San Francisco Bay — are mostly acting as floating storage for oil that’s […]

WP_Post Object ( [ID] => 224271 [post_author] => 21 [post_date] => 2020-04-21 22:01:41 [post_date_gmt] => 2020-04-21 22:01:41 [post_content] => tankerBy Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with nowhere to go as fuel demand collapses. Almost three dozen ships — scattered in waters from Long Beach to the San Francisco Bay — are mostly acting as floating storage for oil that’s […] [post_title] => Floating Oil Storage Grows Off California Coast [post_excerpt] => By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with nowhere to go as fuel demand collapses. Almost three dozen ships — scattered in waters from ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => floating-oil-storage-grows-off-california-coast [to_ping] => [pinged] => [post_modified] => 2020-04-21 22:01:41 [post_modified_gmt] => 2020-04-21 22:01:41 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139658 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )