Chinese Crude Floating Storage Surpasses 50 Million Barrels
Vessels laden with crude waiting offshore China for more than seven days – which we classify as floating storage – has climbed above 50 million barrels for the first time. As the chart below illustrates, this volume is far beyond what is typical – the average over the first four months of this year was […]Tags: china crude imports, crude floating storage, floating storage, Kirkuk, Urals, Ursa
Iran oil production increasing…or is it?
Today’s blog post covers Iranian oil production and exports, Saudi’s dwindling foreign reserves, OECD inventories, and a record level of natural gas storage.Tags: floating storage, Iran oil production, natural gas storage, OPEC
File Under: Floating storage concerns
File Under: Floating storage concernsTags: ClipperBlog, floating storage