You are here

Storage is key as traders exploit crude crash

BT_20150116_DNSTORE16_1460483.jpg
Vopak is benefiting from the stable cash flow generated by its storage business.

Geneva

THE key to surviving and thriving amid the carnage in global oil markets is having a place to store the stuff.

Oil prices have dropped 60 per cent since June as the US pumped more shale crude and Opec resisted calls to cut production, stoking a global supply glut. While the...

sentifi.com

Market voices on: