Reuters LONDON – A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year. Earnings for very large crude carriers (VLCCs) in 2020 reached record highs of more than $240,000 a day as the coronavirus
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Pune, Jan. 27, 2021 (GLOBE NEWSWIRE) — The UAE oil storage terminal market size is expecte…
