Inside The Oil Contango: Cheap Storage, Limited Arb, Leveraged VLCC Tankers, Major Risk

With US shale being one of the main culprits of excess crude oil production, storage of crude in US markets have risen above seasonally adjusted highs in the last year. This abundance of stored crude has pushed the current spot price of crude oil toward five-year lows, as current demand is just not there to take on more crude production......
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