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Coronavirus lockdowns put the spotlight on crude oil storage

Coronavirus lockdowns put the spotlight on crude oil storage

FromCommodities Focus


Coronavirus lockdowns put the spotlight on crude oil storage

FromCommodities Focus

ratings:
Length:
20 minutes
Released:
May 28, 2020
Format:
Podcast episode

Description

US crude storage quickly became a major issue at the crux of the coronavirus lockdowns, as global markets struggled to find enough places to stash oil amid the oversupply and decreased demand. That created a huge incentive for traders and producers to store their barrels instead of selling them on a prompt, physical basis, which overwhelmed storage availability. Ernie Barsamian, CEO of the Tank Tiger, talks with Laura Huchzermeyer, managing editor of the Americas crude team at S&P Global Platts, about the changes and challenges of the storage market.
Released:
May 28, 2020
Format:
Podcast episode

Titles in the series (100)

S&P Global Commodity Insights analysis of key news and pricing issues from across the global shipping, natural gas, power, petrochemicals, agriculture, and coal markets.