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Rising Floating Storage Adds One More Bearish Element to the Oil Market
The recent increase in floating storage is an ominous sign that the OPEC cuts may not balance the market, and it also poses a threat to the ambitious drilling campaigns by U.S. shale companies that are still recovering from the price crash to below $30 in early 2016.

Oil Storage Brimming as Supply Glut Continues
The industry is producing more oil than the world is consuming, and the extra crude is going into storage. Since the onset of the current market downturn in mid-2014, storage tanks around the world have been mopping up the excess oil, putting downward pressure on prices.

Oil Tanker Rates Surge as Global Oversupply Drags On
Surging rates for oil tankers and use of floating storage show that, even with global oil demand growth at a five-year high, oil markets still aren't out of the woods.