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The Glut Drowning the Oil Market

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The world is awash in oil and, with prices so low, demand for storage space is skyrocketing

U.S. commercial crude stockpiles are rising at the quickest pace ever in data going back to 1982. The Cushing, Okla., trading hub.

 

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Time for refineries, etc. to have some maintenance turnarounds.

TankersTmoney Oil tanker shipping OOTT $FRO $ADSCME $INSW $DHT $EURN $HAFNIA $TNK $OET $HUNT $NAT $STNG $INSW $TNP

Awash in oil and money...

How would some of the Gulf monarchies fund extremists around the world?

The other growth commodity: CASKETS!

25 bucks filled up my car today, i was like damn, im pretty sure i can handle this..

If the world is awash with oil and there is little demand (I haven't bought diesel/gas for nearly 2 months) why keep producing it?

Why not leaving in the ground?

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