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floating oil storage


Tuesday, June 8, 2021
tanker at sea
Shipping

Traders Keep North Sea Crude on Tankers Despite Rally

By Sherry Su (Bloomberg) — Here’s something for oil bulls to chew on as Brent crude trades near $72: tankers are holding several million barrels of

June 8, 2021
Total Views: 1904

Friday, September 11, 2020
Oil Traders Snap Up Tankers in Sign of Second-Wave Contango
Maritime News

Oil Traders Snap Up Tankers in Sign of Second-Wave Contango

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

September 11, 2020
Total Views: 97

Thursday, September 10, 2020
oil tanker photo
Maritime News

BP Books Tanker for Storage at Lowest Rate This Year

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

September 10, 2020
Total Views: 116

Friday, May 15, 2020
Floating Storage Shows Signs of Slipping
Maritime News

Floating Storage Shows Signs of Slipping

By Alex Longley, Sherry Su and Javier Blas (Bloomberg) — One of the oil market’s most obvious signs of oversupply — millions of barrels being

May 15, 2020
Total Views: 39

Thursday, May 7, 2020
euronav
Maritime News

Euronav’s Prospects Lifted by Floating Storage Demand

By Jonathan Saul and Charles Regnier LONDON, May 7 (Reuters) – Leading tanker operator Euronav posted record high first-quarter results on Thursday and

May 7, 2020
Total Views: 18

Tuesday, April 21, 2020
Oil Tanker Bridge
Maritime News

Floating Oil Storage Grows Off California Coast

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

April 21, 2020
Total Views: 52

Friday, April 17, 2020
tanker at sea
Maritime News

Crude Storage at Sea Hits New Record at 160 Million Barrels – Sources

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

April 17, 2020
Total Views: 56

Monday, March 30, 2020
vlcc tanker
Maritime News

Tanker Rates Double as Oil Contango Spreads

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

March 30, 2020
Total Views: 362

Tuesday, March 17, 2020
mt europe
Maritime News

Glencore Charters One of the World’s Biggest Tankers to Store Oil at Sea

LONDON, March 17 (Reuters) – Trading house Glencore has chartered the 3 million barrel crude carrier ‘Europe’ to store oil at sea

March 17, 2020
Total Views: 398

Saturday, April 7, 2018
ARA Gasoline Stocks
Maritime News

Europe’s Growing Fleet Of Floating Gasoline

by Libby George, Ahmad Ghaddar (Reuters) – Gasoline stored in ships off Europe’s coast has ballooned to more than 400,000 tonnes, putting pressure on

April 7, 2018
Total Views: 22

Monday, October 9, 2017
Oil Traders Hoard Less on Ships Near Singapore as Market Flips
News

Oil Traders Hoard Less on Ships Near Singapore as Market Flips

By Serene Cheong (Bloomberg) — One of the biggest stores of oil at sea is showing signs of emptying out. The volume of supplies held on tankers in the

October 9, 2017
Total Views: 6

Friday, June 16, 2017
oil tanker
News

In Latest Sign of Crude Glut, Ageing Supertankers Used to Store Unsold Oil

By Keith Wallis and Henning Gloystein SINGAPORE, June 16 (Reuters) – Traders are increasingly storing oil in ageing supertankers in Southeast Asia

June 16, 2017
Total Views: 21

Friday, May 19, 2017
Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts
News

Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts

By Catherine Ngai NEW YORK/LONDON/SINGAPORE May 19 (Reuters) – After the first OPEC oil production cut in eight years took effect in January, oil traders

May 19, 2017
Total Views: 66

Friday, February 24, 2017
Asia’s Floating Oil Storage Sets Sail as Market Slowly Tightens
News

Asia’s Floating Oil Storage Sets Sail as Market Slowly Tightens

By Mark Tay SINGAPORE, Feb 24 (Reuters) – Traders are selling oil held in tankers anchored off Malaysia, Singapore and Indonesia in a sign that the

February 24, 2017
Total Views: 4

Tuesday, November 15, 2016
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
Maritime News

Iranian Floating Storage Tankers Exit Persian Gulf

By Matthew Wheatley, Oil Analyst, Genscape (Genscape) – During the week ending November 11, three vessels, used for floating storage in Iran,

November 15, 2016
Total Views: 13

Friday, November 11, 2016
Oil Tankers Used to Store Millions of Barrels at Sea as Land Sites Fill
Maritime News

Oil Tankers Used to Store Millions of Barrels at Sea as Land Sites Fill

By Alex Longley (Bloomberg) — Oil companies booked tankers to store as many as 9 million barrels of crude in northwest Europe amid signs that space

November 11, 2016
Total Views: 76

Tuesday, October 11, 2016
Hong Kong-Based Winson Oil Buys Ship to Store Oil in Europe
Maritime News

Hong Kong-Based Winson Oil Buys Ship to Store Oil in Europe

By Jessica Jaganathan SINGAPORE, Oct 11 (Reuters) – Hong Kong-based trader Winson Oil has bought a very large crude carrier (VLCC) to store oil in the

October 11, 2016
Total Views: 79

Wednesday, February 10, 2016
Oil Traders Looking Again Towards Floating Storage
News

Oil Traders Looking Again Towards Floating Storage

By Javier Blas (Bloomberg) — The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the

February 10, 2016
Total Views: 12

Friday, January 29, 2016
iranian crude supertanker
Maritime News

Iran’s Floating Storage Tankers Slowly Set Sail

By Jonathan Saul LONDON (Reuters) – Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take

January 29, 2016
Total Views: 50

Friday, December 11, 2015
Oil Traders Aren’t Dancing the Crude ‘Contango’ This Time Around
Maritime News

Oil Traders Aren’t Dancing the Crude ‘Contango’ This Time Around

By Naomi Christie and Rakteem Katakey (Bloomberg) — Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group

December 11, 2015
Total Views: 10
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