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Unsold oil stuck on tankers threatens world market gridlockAs land storage sites worldwide reach brimming point due to a supply glut, tens of millions of barrels of oil are sitting on tankers looking for homes - threatening logistical paralysis. The International Energ More… |
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ME under pressure over unsold Abu Dhabi cargoesSentiment for Middle East crudes remained weak as unsold Abu Dhabi grades were assessed at lower differentials by traders with the appetite for September spot crudes believed to be mostly quelled. Views are expected to stay that way as the More… |
