contango

By Andy Hoffman (Bloomberg) — Trafigura Group boosted its shipping fleet by 70% in April last year to profit from the wild price swings in the oil

By Jack Wittels and Prejula Prem (Bloomberg) –Big oil traders are rushing to book tankers with a view to storing a glut of refined petroleum like diesel

By Sheela Tobben and Javier Blas (Bloomberg) –Some of the world’s biggest oil traders are getting ready for the possible resurgence of a

By Florence Tan and Roslan Khasawneh SINGAPORE, Sept 10 (Reuters) – Oil major BP has provisionally chartered a supertanker to store crude oil off

By Javier Blas and Lars Erik Taraldsen (Bloomberg) –In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant

By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with

By Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from

By Ira Breskin – Moderate production cuts announced Sunday by the world’s major crude oil producers should reduce what has been the critical need for

By Javier Blas and Alex Longley (Bloomberg) –To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded

By Jonathan Saul LONDON, April 1 (Reuters) – Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being

By Roslan Khasawneh SINGAPORE, March 30 (Reuters) – Supertanker freight rates are on the rise for a second time this month as producers, refiners and