11 min listen
Coronavirus lockdowns put the spotlight on crude oil storage
Coronavirus lockdowns put the spotlight on crude oil storage
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)
Interview: Stephen Bowers, Evonik, on the outlook for European crude C4 market (part 2) by Commodities Focus