Hess charters three VLCCs for storage
'We have chartered three very large crude carriers to store 2m barrels for each month across May, June and July relating to Bakken crude oil production,' Hess chief executive John Hess said in reporting first quarter results
The coronavirus pandemic has cut into the firm’s revenue and non-operating income, which totalled $1.37bn for the March quarter, down from $1.7bn for the year-earlier period