Traders charge super-tankers amid signs of new oil glut – OilPrice.com

Traders charge super-tankers amid signs of new oil glut – OilPrice.com

The world’s major oil traders have chartered dozens of supertankers to potentially store oil at sea as the recovery in demand has stalled. Trafigura has chartered 12 very large crude oil carriers (VLCCs), which collectively can hold 24 million barrels of oil, knowledgeable sources told Bloomberg. Another 18 supertankers have also been booked by companies […]

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