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Tankers and Gas Fuels Political Risk and Trade

Floating storage economics improve as oil contango widens

Marine fuel oil prices have plunged by nearly a quarter, sharply reducing operating costs for the global fleet, as oil demand is forecast to contract for first time in a decade

  • Analysis

Oil prices have slumped 35% sending shockwaves through global markets already reeling from dwindling demand due to warm winter conditions and the coronavirus contagion. But oversupply of oil is bullish for freight rates, with tightening tonnage for the spot markets and momentum for floating storage is building

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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