(EnergyAsia, January 19 2010, Tuesday) — Oil traders are expected to continue using tankers as floating storage terminals in 2010 as oil prices continue to stay in contango and refiners continue to produce more than the world can consume. The contango — outer month prices staying above near months — is giving traders an strong…
MARKETS: Floating storage of oil seen to remain high in 2010
Posted on January 18, 2010 by EnergyAsia