Financial Times | Does This Estimate Suggest We Are Heading For $30 Oil? OilPrice.com Short-term floating storage is now at its highest level since 2009, the International Energy Agency said in its July Oil Market Report. Bloomberg echoed that conclusion, finding that 9 million barrels of crude oil were floating off of the coast of the ... Oil recovery faces new downstream threat This part of the energy industry may be creating next 'day of reckoning' for oil The Glut Is Far From Over As Offshore Oil Storage Continues To Swell |