Global crude oil stockpiles are finally falling, but there’s a hidden threat

Global crude oil stockpiles are finally falling, but there’s a hidden threat

October 12, 2016
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By hellenicshippingnews Developed nations’ total oil stockpiles fell in August for the first time since March, according to the International Energy Agency, but analysts say a continued buildup of refined fuels remains a barrier to reversing a two-year crude glut. The IEA reported Tuesday that overall oil and product inventories in OECD countries fell by 10 million … Read full story ›

Source:: Hellenic shipping news Oil