Javier Soriano
abr 15

Contango Markets and the Perils of chartering Tankers as Floating Storage

Posted by Javier Soriano

  The global consumption of oil products has plummeted as a result of the outbreak of the COVID-19 and the consequential slump in the energy demand -particularly speaking of aviation, marine and automotive fuels- has caused an overall reduction of a 30% (i.e., about 30 MMbbl / day) in the demand of crude…

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