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Oil storage not a quick fix

A slump in oil demand on the back of Covid-19-enforced global lockdowns has sent the crude and tanker trades into a tailspin. With the world effectively awash with surplus oil and crude prices at historically low levels, commodity traders have been climbing over each other to secure floating storage in very large crude carriers. According ...

WP_Post Object ( [ID] => 224568 [post_author] => 78 [post_date] => 2020-04-30 21:00:57 [post_date_gmt] => 2020-04-30 21:00:57 [post_content] => A slump in oil demand on the back of Covid-19-enforced global lockdowns has sent the crude and tanker trades into a tailspin. With the world effectively awash with surplus oil and crude prices at historically low levels, commodity traders have been climbing over each other to secure floating storage in very large crude carriers. According ... [post_title] => Oil storage not a quick fix [post_excerpt] => A slump in oil demand on the back of Covid-19-enforced global lockdowns has sent the crude and tanker trades into a tailspin. With the world effectively awash with surplus oil and crude prices at historically low levels, commodity traders have been cli... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-storage-not-a-quick-fix [to_ping] => [pinged] => [post_modified] => 2020-04-30 21:00:57 [post_modified_gmt] => 2020-04-30 21:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=815926 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )