Tanker Fixtures, Vessel Positions, Tanker Rates, Tankers in World Markets, LPG Trades, LPG Markets, LPG Shipping, LNG & Natural Gas Data, LNG in World Markets, Fuel Oil Data, Bunker Rates, Fuel Oil in World Markets, Asphalt Prices
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A Global Broker And Commercial Advisor For The Energy And Ocean Transportation Industries. 

Poten & Partners, a global broker and commercial advisor for the energy and ocean transportation industries, provides unparalleled access and insight into worldwide commodity and shipping markets. 

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Tanker Broker, Tanker Consulting, LNG & Natural Gas Consulting, LPG Consulting, Fuel Oil Consulting, Asphalt Consulting, Naphtha Brokerage, Financial Services

Let it Float, Let it Float, Let it Float (December 24th, 2014)

Is floating storage on the verge of a comeback?

The world is currently awash in crude as supply exceeds demand due to rapid production growth in North America, the return of lost barrels from geopolitical hot spots (such as Libya) combined with a slowdown in demand growth. As a result, oil prices have fallen significantly and the oil markets have shifted to contango again and storage of crude oil appears to be increasing, leaving many to wonder what the likelihood of floating storage is and what it could mean for tanker rates in 2015.


 

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