The Global Oil Glut Is So Great, Tankers Take The Long Route Around Africa To Find A Buyer
![The Global Oil Glut Is So Great, Tankers Take The Long Route Around Africa To Find A Buyer The Global Oil Glut Is So Great, Tankers Take The Long Route Around Africa To Find A Buyer](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/736ee305b687faec0f56cfa200af31c6-600x471.jpg?itok=HRIYBTcn)
While we have previously observed the massive glut of oil product in the US, which has led to such arcane developments as a "parking lot" of oil tankers outside of Galveston, TX...
... or ships loaded to the brim with crude making U-turns in the middle of the Atlantic Ocean, taking advantage of the supercontango while unable to find buyers...