Oil contango tankers

22 Feb 2016 It's called 'contango' – the gap between the spot price of oil today and Speculators are showing renewed interest in storing oil on tankers as  9 Mar 2020 The cost to charter a VLCC tanker, which can carry up to 2 million barrels of oil, is starting to increase but with the contango widening, floating 

6 days ago The cost to transport oil on supertankers soared on Thursday as major VLCC tanker rates along the busy Middle East Gulf to China route (Graphic: Crude oil's forward curve change from backwardation to contango - here). 17 Feb 2020 China's shutdown has cut price of oil and the tankers that carry it. 11 Mar 2020 "Tanker offers are quite high today," said a Singapore-based crude oil trader. " Now the contango market structure supports (oil storage), but  A Farewell Contango? The storage of crude oil and petroleum products at sea has been an important factor in the tanker market throughout 2009. It can  6 days ago Traders openly betting on contango as Saudi Arabia attempts to flood the market General Images of Refineries and Tankers Off Jurong Island. 10 Mar 2020 Speculators hoping to cash in on the oil price crash are scrambling to hire old oil tankers in which they can store crude for a fast profit.

21 Feb 2020 Short-term rates for VLCCs are too high and contango in oil markets too shallow, so oil firms lack incentives in storing cargoes at sea.

23 Dec 2014 [SINGAPORE] Global oil traders are likely to store crude in tankers next year, as a widening contango makes large-scale storage at sea  21 May 2016 As Asia's main physical oil trading hub, the number of parked tankers as contango, as long as future prices are high enough to offset tanker  Traders were chartering supertankers — very large crude carriers (VLCC) that can carry 2m barrels of oil — for $100,000 a day at the height of the market. Read more about the coronavirus Floating storage on oil tankers is in greater demand during contango periods. Physical commodity traders may seek to store millions of barrels on oil tankers. Futures contracts for oil are settled The falling price of hiring oil tankers means traders can store oil on them  Speculators hoping to cash in on the oil price crash are trying to hire old oil tankers in which they can store crude to said to have leased the TI Europe, the world’s largest oil tanker, capable of holding 3.2 million barrels of crude. According to Bloomberg data, the ship is currently sitting off the coast of

11 Mar 2020 "Tanker offers are quite high today," said a Singapore-based crude oil trader. " Now the contango market structure supports (oil storage), but 

21 Feb 2020 Short-term rates for VLCCs are too high and contango in oil markets too shallow, so oil firms lack incentives in storing cargoes at sea. 7 hours ago Royal Dutch Shell has booked at least two large crude tankers for floating The crude market is currently trading in what's known as contango,  9 Jan 2009 Daily charter rates for tankers shipping crude from the Middle East to the U.S. jumped 45% Thursday, according to London's Baltic Exchange. 4 days ago Saudi Arabia is snapping up more and more oil tankers as the Crude is trading deep in a so-called contango price structure, where spot  This often creates a maritime contango "marriage of convenience": oil traders charter idle oil tankers to store their oil, and ship owners find a cheap way of 

This situation is known as a contango and sharp traders can buy oil now, sell it on the forward market, and store it in a tanker for several months. The situation is compounded by the low price of

This often creates a maritime contango "marriage of convenience": oil traders charter idle oil tankers to store their oil, and ship owners find a cheap way of  13 Jan 2015 Reusable: Oil tanker at the Port of Long Beach known in the industry as contango - with investors expecting prices to eventually recover from  1 Feb 2015 With crude prices close to six year lows and the futures market pointing version of the contango trade using floating storage – or oil tankers. A new price structure, called a contango, allows the traders to make easy money by buying crude cheap, storing it, and selling it forward. 12 Mar, 2020, 08:44AM  13 Apr 2011 In the physical business, purchases of crude oil from producers and storing offshore in tankers allow us to benefit from the contango market  23 Dec 2014 [SINGAPORE] Global oil traders are likely to store crude in tankers next year, as a widening contango makes large-scale storage at sea 

13 Jan 2015 Reusable: Oil tanker at the Port of Long Beach known in the industry as contango - with investors expecting prices to eventually recover from 

13 Apr 2011 In the physical business, purchases of crude oil from producers and storing offshore in tankers allow us to benefit from the contango market  23 Dec 2014 [SINGAPORE] Global oil traders are likely to store crude in tankers next year, as a widening contango makes large-scale storage at sea  21 May 2016 As Asia's main physical oil trading hub, the number of parked tankers as contango, as long as future prices are high enough to offset tanker  Traders were chartering supertankers — very large crude carriers (VLCC) that can carry 2m barrels of oil — for $100,000 a day at the height of the market. Read more about the coronavirus Floating storage on oil tankers is in greater demand during contango periods. Physical commodity traders may seek to store millions of barrels on oil tankers. Futures contracts for oil are settled The falling price of hiring oil tankers means traders can store oil on them  Speculators hoping to cash in on the oil price crash are trying to hire old oil tankers in which they can store crude to

Floating storage on oil tankers is in greater demand during contango periods. Physical commodity traders may seek to store millions of barrels on oil tankers. Futures contracts for oil are settled The falling price of hiring oil tankers means traders can store oil on them  Speculators hoping to cash in on the oil price crash are trying to hire old oil tankers in which they can store crude to said to have leased the TI Europe, the world’s largest oil tanker, capable of holding 3.2 million barrels of crude. According to Bloomberg data, the ship is currently sitting off the coast of