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Crude oil held in sea storage hits new record at 160 million bbls: sources

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Home Blogs > Business
Apr 17 '20 | By oiam2companyadmin | Views: 33 | Comments: 0

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Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.
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Source: https://www.reuters.com/article/us-global-oil-tankers-storage/crude-oil-held-in-sea-storage-hits-new-record-at-160-million-bbls-sources-idUSKBN21Z2A2?feedType=RSS&feedName=businessNews

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