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Full tanks and tankers: a stubborn oil glut despite OPEC cuts

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Full tanks and tankers: a stubborn oil glut despite OPEC cuts
20 May 2017, New York/London/Singapore — After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. Investors hailed the draw downs as the beginning of the end of a two-year supply glut – raising hopes […] More »
Full tanks and tankers: a stubborn oil glut despite OPEC cuts Full tanks and tankers: a stubborn oil glut despite OPEC cuts Reviewed by Crude Oil Facilitators on 11:24 Rating: 5

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