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The total volume of North Sea crude stored in floating storage
vessels has fallen since mid-August, according to shipping sources
who spoke to Reuters. The decline in inventories testifies to the
success of the OPEC deal in securing a rebalanced oil market, the
sources added. Over the past three weeks, two 10 million-barrel
supertankers, Desimi and Gener8 Neptune, saw their cargo decline to
four million barrels each, traders said. China and South Korea have
increased their orders for immediate delivery of North Sea crude,
the Asian nations’…
vessels has fallen since mid-August, according to shipping sources
who spoke to Reuters. The decline in inventories testifies to the
success of the OPEC deal in securing a rebalanced oil market, the
sources added. Over the past three weeks, two 10 million-barrel
supertankers, Desimi and Gener8 Neptune, saw their cargo decline to
four million barrels each, traders said. China and South Korea have
increased their orders for immediate delivery of North Sea crude,
the Asian nations’…
The total volume of North Sea crude stored in floating storage
vessels has fallen since mid-August, according to shipping sources
who spoke to Reuters. The decline in inventories testifies to the
success of the OPEC deal in securing a rebalanced oil market, the
sources added. Over the past three weeks, two 10 million-barrel
supertankers, Desimi and Gener8 Neptune, saw their cargo decline to
four million barrels each, traders said. China and South Korea have
increased their orders for immediate delivery of North Sea crude,
the Asian nations’…
vessels has fallen since mid-August, according to shipping sources
who spoke to Reuters. The decline in inventories testifies to the
success of the OPEC deal in securing a rebalanced oil market, the
sources added. Over the past three weeks, two 10 million-barrel
supertankers, Desimi and Gener8 Neptune, saw their cargo decline to
four million barrels each, traders said. China and South Korea have
increased their orders for immediate delivery of North Sea crude,
the Asian nations’…