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

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 […]

Published October 12, 2016

By LizOutLoud

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

      

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