Tuesday, April 21, 2020

WHERE TO STORE THE OIL: A PERFECT STORM "A hunt for any storage space turns urgent as oil glut grows - ...In addition to the onshore glut, there ..


WHERE TO STORE THE OIL: A PERFECT STORM  "A hunt for any storage space turns urgent as oil glut grows - ...In addition to the onshore glut, there are about 160 million barrels of oil sitting on tankers waiting for buyers. And at least six crude tankers carrying 2 million barrels apiece are en route to the United States from Saudi Arabia, adding to the alarm at the U.S. Gulf Coast..."
https://www.reuters.com/article/us-global-oil-storage-fracking/a-hunt-for-any-storage-space-turns-urgent-as-oil-glut-grows-idUSKBN2230I3