By Alex Longley, Sherry Su and Javier Blas (Bloomberg) — One of the oil market’s most obvious signs of oversupply — millions of barrels being stored on tankers all over the world — is showing very tentative signs of shrinking. On Thursday, North Sea oil traders offered almost 8 million barrels of crude for sale […]
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[post_content] => By Alex Longley, Sherry Su and Javier Blas (Bloomberg) — One of the oil market’s most obvious signs of oversupply — millions of barrels being stored on tankers all over the world — is showing very tentative signs of shrinking. On Thursday, North Sea oil traders offered almost 8 million barrels of crude for sale […]
[post_title] => Floating Storage Shows Signs of Slipping
[post_excerpt] => By Alex Longley, Sherry Su and Javier Blas (Bloomberg) — One of the oil market’s most obvious signs of oversupply — millions of barrels being stored on tankers all over the world — is showing very tentative signs of shrinking. On Thur...
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