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Commodities Briefing - Categorized | Market Moves, Oil more

Ships that won’t land until oil takes off

Posted on 17 December 2008

From Guardian: Oil companies and traders are creating huge floating stockpiles on board supertankers in the hope of a Christmas bonus if expected cuts in output from Opec drive up the price of crude again.

National state oil companies from countries such as Iran are believed to be behind some of the storage activity….. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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