Oil output cuts inevitable but tanker storage reservoir will remain

Capt. John

Oil tanker storage is about the only thing in demand in the crude market right now. The coronavirus pandemic has obliterated consumption, forcing producers and traders to store more oil on the water. Draining these floating stockpiles may take years despite rising hopes of an OPEC+ orchestrated...

https://www.hellenicshippingnews.com/oil-output-cuts-inevitable-but-tanker-storage-reservoir-will-remain/

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