US may tide through oil storage crisis
Add BT as a preferred source
New York
A MONTH ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore.
Now, there are growing signs that the US oil market can avoid the doomsday scenario in which it runs out of room to stockpile surplus crude, a development that oil traders worried would send crude prices into another tailspin.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As war unsettles the Gulf, wealthy families reassess where to place capital and relocate
MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam
