STORAGE: The Silver Lining In Oil’s Clouded Outlook. Low Prices Forcing Everyone To Stockpile Amid New Crisis.

摘要

In the latest oil crisis caused by crude prices plunging 50% over the second half of 2014, traders turned to storage to hedge against a protracted supply glut. The same strategy of stockpiling was deployed in 2008 when Brent crude went the other way, surging to a record high of over US$145 a barrel on fears of supply shortages.