Search result for oil storage
SOUTH KOREA RUNS OUT OF OIL STORAGE
After the collapse in demand for oil, majority of countries are in the race of purchasing maximum crude oil that too at a dream rate. South Korea is fourth-largest country in Asia when it comes to commercial storage capacity. Apparently South Korea has completely has run out of it’s oil sto...
CRUDE OIL STORAGE: A JACKPOT HITTING BUSINESS TODAY
Highlights:
- Crude oil is more than in abundance today
- With pandemic shutting down economies and travel, there is an urgent need for storage
- Oil tankers and crude oil storage firms are enjoying one of the best periods in their businesses
HISTORIC LOW: (MINUS) -$37.63 A BARREL FOR OIL FUTURES CONTRACT
Highlights:
- Crude oil futures contract take a beating to minus $37.63 per barrel
- A historic low since 1946
- It is the result of too much oil in the country with a serious storage deficit
The pandemic of coronavirus seems to be c...
OIL STORAGE OVERSHOOTS MARK AMID RISING FLOATING STORAGE TANKERS
- A Price War in Oil Prices has created an overwhelming flood in the market
- This has produced a demand for tankers as floating storage utility
Oil refineries and storage tanks are running to threshold capacity among a serious lockdown to the nation in one of the...