World glut of surplus oil stocks – good news and bad news for global supply chains

According to recent reports, because of the glut in oil supplies, the world is beginning to exhaust its storage facilities and may soon even fill up the offshore tanker storage space, increasing the chances of a sudden plunge in the prices of crude oil in the near future. On the one hand this could further reduce shipping costs in many […]

by · December 4, 2015 · Transportation