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

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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.