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International Tankers and Gas

Oil production curbs arrest surge in floating storage charters

The take-up of tankers hired for both clean and dirty floating storage is yet to reach the levels forecast last month, when the size and scale of the crude demand collapse stoked fears that land-based storage was strained and the crude price plunged to 18-year lows

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Short-term time charter deals are unlikely to immediately materialise this week as everyone in the oil industry waits to see whether production will be curbed to let prices rise again

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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