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Crude tanker storage fleet off Singapore points to stubborn oil glut | Reuters

“And the paper market seems blissfully unaware of it.” “The volumes of oil stored at sea in South East Asia – predominantly Singapore and Malaysia – appear to have increased significantly,” said Erik Broekhuizen, Global Manager of tanker research and consultancy at New York-based shipping brokerage Poten & Partners. This isn’t a trade play, it’s [...]

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