floating storage

News

Oil Traders See Glimmer of Profit Ahead in Storing Crude at Sea

By Serene Cheong (Bloomberg) — Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for

News

Supertanker TI Europe Back on Market as China’s Unipec Gives Up Floating Storage Lease

By Libby George LONDON, Aug 2 (Reuters) – The UK-based trading arm of Beijing-backed Sinopec will give up the megatanker it booked to park crude in Asia