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Floating storage play is unwinding but effects are far from over

A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in the second half writes Tim Smith from Maritime Strategies International. Floating storage, driven by low oil prices and contango futures, has dominated the supply-side story so far in 2020 and will continue to do so across …

WP_Post Object ( [ID] => 226725 [post_author] => 77 [post_date] => 2020-07-03 06:23:03 [post_date_gmt] => 2020-07-03 06:23:03 [post_content] =>

A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in the second half writes Tim Smith from Maritime Strategies International. Floating storage, driven by low oil prices and contango futures, has dominated the supply-side story so far in 2020 and will continue to do so across …

[post_title] => Floating storage play is unwinding but effects are far from over [post_excerpt] => A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in the second half writes Tim Smith from Maritime Strategies International. Floating storage, driven by low oil prices and contango futures, ha... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => floating-storage-play-is-unwinding-but-effects-are-far-from-over [to_ping] => [pinged] => [post_modified] => 2020-07-03 06:23:03 [post_modified_gmt] => 2020-07-03 06:23:03 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=123382 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )