May 7, 2024

Traders will store oil in supertankers

Traders will store oil in supertankers

Before the crisis related to the pandemic #коронавирус and other factors, oil production was on the order of120 million barrels per day. In a crisis, consumption fell by about a quarter. That is, oil storage facilities are packed to capacity, and the crude oil market is replete with the amount of supply. Https: //inssip.ru In conditions when the crisis in the economy has not passed, we should NOT expect a quick recovery of the oil market, so the current price levels from a fundamental point Visions are guidelines for the next few months, at least in my opinion.