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A Laden Supertanker Sitting Idle a Sign of OPEC’s Struggle
By Laura Hurst and Javier Blas (Bloomberg) — If a single ship can capture the current state of the global oil, it’s the supertanker Saiq, floating idly
oil glut
Tuesday, June 13, 2017
Friday, August 19, 2016
Offshore
Glut of Floating Crude Clears
The glut of crude oil stored in ships on the North Sea is finally starting to dissipate. Demand for the commodity has increased as traders take advantage of
Thursday, January 28, 2016
News
Crude Carriers Cutting Speeds as World Swims in Oil
By Alaric Nightingale and Alex Longley (Bloomberg) — The world’s biggest oil companies are asking tanker operators to slow down delivery of crude amid
Tuesday, January 19, 2016
News
China Offshore Driller CNOOC to Cut Output for First Time Since 1999
Aibing Guo and Rakteem Katakey (Bloomberg) — China’s largest offshore oil company will cut output for the first time in more than a decade, prompting
Monday, November 23, 2015
News
Norway’s Stacked Offshore Fleet Swells to 100 Vessels
By Mikael Holter (Bloomberg) — The number of Norwegian offshore vessels with nothing to do has gone from zero to 100 in just a year. And the woes are
Tuesday, November 10, 2015
News
Oil Tanker Backlog in U.S. Gulf Seen as New Symbol of Glut
HOUSTON, Nov 10 (Reuters) – A traffic jam of oil tankers has emerged along the U.S. Texas coast this month, a snarl that some traders see as the
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