barrels of crude oil in an offshore super tanker in a bet that oil prices will soon rise from their four-year low. Other companies and traders have also started booking offshore oil storage capacities in anticipation of higher oil prices. Crude oil has plunged to well below US$35 per barrel, down from its high of…
MARKETS: Oil companies plan big offshore oil storage
Posted on December 21, 2008 by EnergyAsia