Oil traders grab tankers as Second Wave glut – Houston Chronicle

Oil traders grab tankers as Second Wave glut – Houston Chronicle

Some of the world’s largest oil traders are bracing for a possible resurgence of a coronavirus-induced crude and fuel glut, buying giant tankers for multi-month charters so they can be ready to store the barrels in excess if necessary. The charter frenzy is likely to alarm Saudi Arabia, Russia and their allies as it indicates […]

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