Singapore's offshore oil glut swells with Iran, Venezuela supp | SGX Market Updates

Singapore's offshore oil glut swells with Iran, Venezuela supply
http://www.straitstimes.com/business/economy/singapores-offshore-oil-glut-swells-with-iran-venezuela-supply

August 24, 2021 1:04 PM

SINGAPORE (BLOOMBERG) - Oil stored in ships has been piling up off key Asian ports as a crackdown in China on private crude oil processors has blunted purchases and disrupted flows, including some US-sanctioned barrels from Iran.