floating oil storage

By Jonathan Saul and Libby George LONDON, Nov 19 (Reuters) – Record high freight rates are creating more headaches for traders looking to house millions

By Jonathan Saul and Libby George LONDON, Nov 13 (Reuters) – As land storage sites worldwide reach brimming point due to a supply glut, tens of millions

  By Ben Sharples and Naomi Christie (Bloomberg) — The global oil glut may soon expand to the ocean. While traders are already cashing in on the

  By Jessica Jaganathan SINGAPORE, Sept 21 (Reuters) – Record high stocks of fuel oil in Singapore are pushing traders to store the shipping and

Oil traders have booked at least 12 tankers to store 25 million barrels of crude at sea in a further sign of a build-up in global stocks, according to shipping

Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for