Send to Colleague
Printer Friendly Format
Email the Editor
Crude oil in floating storage reduced by 20m barrels
Ships return to market as traders cash in
Martyn Wingrove - Friday 5 June 2009
ONE-fifth of the crude oil that was in floating storage off the US, Europe and Asian coasts has been discharged and the tankers returned to the spot market, said a Nor Ocean broker.
At its peak, crude stored on very large crude carriers and suezmax tankers reached 100m barrels, representing five days of US consumption.
The Nor Ocean broker said t...
