Post Tagged with: "global oil storage"

Oil glut to halve in May and shrink to 6mbpd in June: Rystad

Oil glut to halve in May and shrink to 6mbpd in June: Rystad

Oil&Gas

Despite the improvement, the stock build will still overwhelm remaining global storage, which will fill in weeks.

The global imbalance between oil supply and demand, which has built to 26.4 million barrels per day (bpd) in April due to …

May 3, 2020 - 6:57 am — Crude Oil News, Crude Oil Storage, Economy, Energy News, Oil and Gas 360 Publisher Note:, OPEC
Source: CNBC

Oil prices could soon turn negative as the world runs out of places to store crude, analysts warn

CNBC

Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world’s most powerful crude producers start to ramp up their output.

The coronavirus pandemic …

April 1, 2020 - 1:30 pm — Capital Markets, Closing Bell Story‎, Commodity Pricing, Crude Oil News, International
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