Reuters: Crude Tanker Storage Fleet Off Singapore Points to Stubborn Oil Glut

19 May 2016: “‘The volumes of oil stored at sea in South East Asia – predominantly Singapore and Malaysia – appear to have increased significantly,’ said Erik Broekhuizen, Global Manager of tanker research and consultancy at New York-based shipping brokerage Poten & Partners. ‘The current volumes are the highest for at least the last five years.'”