Traders eye floating diesel storage in Atlantic

Traders eye floating diesel storage in Atlantic

October 12, 2015
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Oil traders are preparing to store diesel in giant tankers off the coasts of northern Europe and New York as land storage tanks are nearly full, traders said.

Tank capacity levels are above 70 percent in some cases, levels considered near maximum, according to traders.

While the recent glut in global crude oil supplies appears to ease, boosting oil prices, diesel supplies around the world are set to rise sharply in the coming months, according to analysts…..

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Source:: Hellenic Shipping News