S&P Global Platts: Oil on floating storage soars to record highs, but peak still some way off

May 14, 2020

“Floating volumes are likely to keep going up in the next few months as many vessels that were recently fixed on floating storage are still sailing to their destinations or in some cases have not been loaded,” Erik Broekhuizen, head of Tanker Research & Consulting at Poten & Partners, said recently during a webinar.

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