Caves, Cars, & Clogged Pipelines - Oil Traders Turn To "Oddball Storage Locations" As Demand Hits 30-Year Lows
Apr 22nd 2020 6:20pm EDT
Caves, Cars, & Clogged Pipelines – Oil Traders Turn To “Oddball Storage Locations” As Demand Hits 30-Year Lows As we detailed earlier, global floating storage is now accelerating at an “unprecedented pace” currently amounting to almost 250 million barrels, up from common estimates of 160 million bbl only last week, with at least one in 10 supertankers around […]
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