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 worst chapter in the history of the nation in the last decade or so. Oil traders are looking towards crude tankers to turn them into floating storage....