Exclusive: Traders book Jones Act tankers for storage, foreign trips as U.S. fuel glut swells - sources

Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of the energy industry's desperation for places to park petroleum amid a 30% drop in worldwide demand.

from Reuters: Money News https://ift.tt/3aJwsz4
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