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Oil | Shipping

'Cheap oil' takes VLCC freight for a bull ride on floating storage play

Biofuels | Renewables | LNG | Natural Gas | Oil | Petrochemicals | Marine Fuels | Tankers | Crude Oil | Refined Products | Bunker Fuel | Gasoline | Jet Fuel

APPEC 2020

Electric Power

Platts Forward Curves – Gas and Power

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Agriculture | Grains | Metals | Steel | Raw Materials | Shipping | Dry Freight

Firm Supramax rates force East Coast India iron ore, pellet cargoes on Capesizes: sources

Metals | Raw Materials | Corporates

Adding value to iron ore, at a cost: Australia’s magnetite curse strikes again

Listen: 'Cheap oil' takes VLCC freight for a bull ride on floating storage play

The tsunami of IMO 2020 turned into a tidal wave of cheap oil as producers flood the crude oil market and refiners cut runs amid the COVID-19 demand destruction. In the meantime crude is heading toward containment in tankers floating offshore.

Catherine Wood and Barbara Troner of the S&P Global Platts shipping team put their heads together with Platts crude editor Kristian Tialios to explore the dynamics of current floating storage plays.