Post Tagged with: "swell in inventory"

Source: Reuters

Glut of crude swells across Atlantic basin on coronavirus, OPEC+ hikes

Reuters


LONDON/NEW YORK – Crude oil traders from West Africa to the U.S. Gulf Coast are offering cargoes at deep discounts, desperately trying to attract buyers as global supplies swell and demand plunges.

Oil prices have plummeted to 18-year lows …