Crude Oil storage

65% of China’s Onshore Storage Propels Port Congestion and Spot Rates

  • Port congestion is on the rise and even though floating storage is off its peak, there’s a long, long way to go before all those cargoes are unloaded.
  • On the tanker-supply side of the equation, surging congestion in China is offsetting declines in floating storage.
  • The more the global tanker fleet suffers supply chain logjams and storage cargoes remain on board, the less ships are available for spot deals. That’s a plus for spot rates.
  • The caveat is that demand for fresh voyages will fall as “s...

https://mfame.guru/65-of-chinas-onshore-storage-propels-port-congestion-and-spot-rates/

Contango: Oil Storage Space the Need of the Hour

Rajesh Nair and Rohan Menon throw light on the present market situation concerning crude oil and LFSO in S & P Global Platts. They also discuss on the challenges concerning the storage of both crude oil and LFSO. In addition they also bring forth the opinions of various industry players and experts on this present situation.

Crude oil storage vs LFSO storage
  • Singapore-based oil traders look for crude oil storage from January 2020.
  • Widening contango market and mass storage of crude oil may be...

http://mfame.guru/contango-oil-storage-space-the-need-of-the-hour/