Asia sees tight oil market despite glut

摘要

Singapore—Excess supplies of crude oil and sluggish demand may be weighing on oil prices globally, but in Asia, refiners are discovering that there are fewer barrels around to choose from. The “tightness” in the market stems from millions of barrels of oil being pumped into storage tanks, as a sharp decline in crude prices is encouraging traders to store the oil in hopes of making a profit in the future.