Tag: oil storage
Jun. 3, 2016
The wavering status of the oil risk premium
Oil prices for Brent and West Texas Intermediate (WTI) dropped to about $26.65 a barrel in February due to a surplus caused by the accelerated…
Mar. 13, 2015
Oil prices set to drop due to insufficient storage space
There is more than one reason to store oil as producers turn out more oil than the world demands, which is the case now. Stored…