Exclusive: Traders book Jones Act tankers for storage, foreign trips as U.S. fuel glut swells - sources | ||
Tuesday, 28 April 2020 ()
Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of the energy industry's desperation for places to park petroleum amid a 30% drop in worldwide demand. |