Post Tagged with: "oil glut"

Source: Houston Chronicle

The oil glut is filling up the world’s supertankers fast

Houston Chronicle


The world’s oil tankers are being filled with crude at a record pace as the options to store a glut on land rapidly diminish, one of the industry’s largest owners said.

A combination of surging production from key …

Citi Sees Looming Glut Taking U.S. Oil Discount to 2013 Lows

Citi Sees Looming Glut Taking U.S. Oil Discount to 2013 Lows

From Bloomberg

Citigroup Inc. has a warning for U.S. oil investors: American crude prices may tumble to the steepest discount against global benchmark Brent since 2013.

West Texas Intermediate futures in New York will fall further to become as much …

October 2, 2018 - 1:41 pm Closing Bell Story‎, Commodity Pricing, Energy News