Post Profile






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 from Houston to Singapore started emptying millions of barrels of crude from storage tanks. Investors hailed the drawdowns as the beginning of the end of a two-year supply glut – […] The post Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts appeared first on gCaptain.
read more

share

Related Posts


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

Vehicles / Watercraft : gCaptain

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 production cut led by OPEC is starting to have the desired effect of drawing down bl...

Asia Flows Boost Rates for Large Tankers

Vehicles / Watercraft : gCaptain

By Catherine Ngai and Liz Hampton NEW YORK/HOUSTON, Oct 6 (Reuters) – Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore...

Flotilla of U.S. Crude Heading to Asia

Vehicles / Watercraft : gCaptain

By Liz Hampton and Catherine Ngai HOUSTON/NEW YORK, May 17 (Reuters) – Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage ...

HAVE YOU HUGGED A FRACKER TODAY? Full tanks and tankers: a stubborn oil glut despite OPEC cuts. A…

US Politics / Conservative : Instapundit

HAVE YOU HUGGED A FRACKER TODAY? Full tanks and tankers: a stubborn oil glut despite OPEC cuts. After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying mi...

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

Vehicles / Watercraft : MarineLink.com

After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. Investors hailed the drawdowns as the beginning o...

Comments


Copyright © 2016 Regator, LLC