The Top 3 Oil Tanker Stocks to Consider

0
110

The world has run out of places to store oil.

“Rystad Energy estimates there may be only 21 million barrels’ worth of free storage left in a country still producing 12 million barrels of oil a day — a feature certain to keep prices low,” reports The Hill.

“The market is very concerned about a repeat of negative pricing as the Cushing storage and delivery hub saturates,” added Harry Tchilinguirian, global oil strategist at BNP Paribas in London, as quoted by Reuters.

As a result of suppl...

Register Now

The Daily Chart Newsletter is available only to members of this site. Register now for FREE. No cost, no obligation, join today.

Already a member? Login below, or click here to register now for free.