Oil shortage or surplus? Floating storage swamps Europe

Oil shortage or surplus? Floating storage swamps Europe
OPEC is considering whether or not to raise its oil production to prevent the global market from becoming too squeezed, but there is one part of the world that is telling a very different story about the balance between supply and demand. The boom in U.S. shale shipments has outstripped OPEC’s production cuts and pushed ... read more
Source: Shipping NewsPublished on 2018-06-13
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