Soaring oil supplies and tumbling prices are prompting traders to store crude in volumes not seen since the financial crisis. Photo: AFP
Soaring oil supplies and tumbling prices are prompting traders to store crude in volumes not seen since the financial crisis. Photo: AFP
Sinopec

Sinopec unit books world’s largest ship to store crude

Unipec makes most of falling prices to reserve the 3.2-million barrel super tanker TI Europe in a sign that traders are starting to store in bulk

Topic |   Sinopec
Soaring oil supplies and tumbling prices are prompting traders to store crude in volumes not seen since the financial crisis. Photo: AFP
Soaring oil supplies and tumbling prices are prompting traders to store crude in volumes not seen since the financial crisis. Photo: AFP
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