Covid-19 has oil traders storing diesel aboard supertankers

The resurgent coronavirus crisis is creating an unusual demand for supertankers to be used to store surplus diesel aboard in coming months, during which activity is expected to drop, writes Reuters.

Photo: PR / DHT Holdings

Covid-19 contagion is picking up speed again across the world, causing uncertainty about demand for oil products such as diesel, in particular, in the coming months, in which activity is expected to drop.

The second wave of the coronavirus pandemic therefore has oil traders, rather unusually, demanding new supertankers for use as floating diesel storage in coming months, where it might be difficult to find buyers for the product, writes Reuters.

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