Shakudomaster tanker storage will probably take another 60 days or so to clear and much of what's left is Iranian as Iran wants higher prices but is stymied by a lot of their stored crude being lower quality than advertised. As to stored crude the only storage quite full now is Rotterdam at about 95%, mainly West African product.
Can we forget the pantomime knocking of the BOD now we have done the snouts thing to death. This is a profesional company doing huge background FEED work whilst being hidebound by the PMO issues which could not have been foreseen when we got into bed with them. Hind sight etc etc. Also there has been no mention of the "fill every bucket" storage of cheap oil in tankers, shore facilities etc. Does anyone know whether this huge volume has worked through the supply chain yet?
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