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Tank Storage magazine, June / July 2020

Tank Storage magazine, June / July 2020

Covid-19 and the Oil Markets

“I remember thinking that if I strung together in the English Channel, the VLCCs waiting to discharge their cargoes, I could easily build a bridge between France and the UK” recalls Charles Daly in his latest Tank Storage magazine article in the June / July issue.  He compares the current oil crises to the Yom Kippur war of 1973 when the subsequent quadrupling in the price of oil during the first quarter of 1974 resulted in a massive scramble for oil storage capability and a huge number of floating storage tanker charters. Read the full story here Tank Storage magazine June/July 2020

 

 

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