South China Morning Post: Oil glut fuels demand for crude tankers as storage in boon for charter rates and Hong Kong shipowners

7 April 2020 The glut in oil market means onshore oil storage facilities would be full in four weeks or sooner, according to Poten and Partners. Oil demand is likely to have fallen by 10.5 million barrels per day in March from 2019, the energy and shipping brokerage and consultancy said in an April 2 note. It will fall by 18.7 million barrels per day this month. To read the full article, click here.