Post Tagged with: "oil glut"

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

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