Tanker

The lonely drifting oil tanker that signals OPEC's struggle

Tanker vessel Saiq is floating idly at sea, south of the Canary Islands, in search of a customer for its oil cargo, and the vessel seems emblematic of a broader trend in the physical oil market.
Photo: Euronav
Photo: Euronav
BY LAURA HURST & JAVIER BLAS, BLOOMBERG

If a single ship can capture the current state of the global oil market, it is the supertanker Saiq, floating idly about 850 kilometers (530 miles) south of the Canary Islands.

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