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Floating Storage: A Ticking Time Bomb For The Crude Tanker Market

There is no denying that a sudden plunge in oil demand on account of COVID-19 proved to be a blessing in disguise for the oversupplied crude tanker market in 2Q20, which led to a surge in onshore and offshore storage of crude in March-April. While an increase in onshore storage of cheap oil by refineries ...

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