The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Oil traders unfazed by recent supply shocks

Ample oil inventories near record highs on ships and land leave buyers in no hurry to lock down new crude supply

Published Thu, May 19, 2016 · 09:50 PM
Share this article.

New York

OIL traders from Houston to the North Sea are tapping plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about two million barrels a day (bpd) of output.

Ample oil inventories near record highs on ships and land have left buyers in no hurry to loc…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here