FILE PHOTO: A view of Tullow Oil's newly completed Floating Production, Storage and Offloading vessel Prof. John Evans Atta Mills at Sembcorp Marine's Jurong Shipyard in Singapore January 20, 2016. REUTERS/Edgar Su
A number of the vessels are newly-built and are due to store gasoil and diesel, for which unsold volumes are especially high after a modest recovery mid-summer. Global oil inventories remain sharply above average when looking at recent years. Although stocks have drawn at a pace of around 1.6 million barrels per day over the past 30 days, they are still some 600 million barrels above last year’s levels, according to Morgan Stanley.
Source: News Formal (newsformal.com)
That won’t be the case when we get over this coronavirus scare and people get back to work around the world
are we heading for -34 dollars a barrel again ? Please tell my gas station so that the next time I fill up, they pay me to take the fuel off their hands. I like the thought of that !
The United States is ENERGY INDEPENDENT because President Trump is in office and works hard at preserving their jobs. NOT Joe Biden he will destroy all the hard work of President Trump with job cuts and strangle them with regulations. RE-ELECT Pres. Trump.
The price of gasoline by US State:
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