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Oil Market So Glutted Traders Use Tiny Barges to Store Fuels

By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels around Europe’s petroleum-trading hub are suddenly storing traders’ cargoes instead. For weeks now, oil and fuel traders have been clamoring for almost any storage facilities they can hire, filling on-land tanks […]

WP_Post Object ( [ID] => 224365 [post_author] => 21 [post_date] => 2020-04-24 16:27:19 [post_date_gmt] => 2020-04-24 16:27:19 [post_content] => taankerBy Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels around Europe’s petroleum-trading hub are suddenly storing traders’ cargoes instead. For weeks now, oil and fuel traders have been clamoring for almost any storage facilities they can hire, filling on-land tanks […] [post_title] => Oil Market So Glutted Traders Use Tiny Barges to Store Fuels [post_excerpt] => By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels around Europe’s petroleum-trading hub are suddenly storing traders’ cargoes instead. For weeks now, oi... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-market-so-glutted-traders-use-tiny-barges-to-store-fuels [to_ping] => [pinged] => [post_modified] => 2020-04-24 16:27:19 [post_modified_gmt] => 2020-04-24 16:27:19 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139700 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )