(EnergyAsia, February 24, Tuesday) — The build-up of oil stocks in offshore floating structures and vessels is putting a lid on world oil prices, said traders and analysts. They estimate that traders have built up more than 80 million barrels of crude oil in tankers in the US Gulf and elsewhere in anticipation of higher…
MARKETS: Bloated floating oil inventories keep prices in check
Posted on February 23, 2009 by EnergyAsia