(EnergyAsia, June 29, Monday) — International oil traders continue to maintain large stockpiles of crude oil in tankers, helped by the contango market that pays for the cost of storage. Traders estimate they are holding a total of 70 million barrels in various locations at sea around the world, down from about 100 million barrels…
MARKET: Traders maintain sizeable offshore oil storage position
Posted on June 28, 2009 by EnergyAsia