Primary tabs

Error message

Notice: Undefined index: issue_id in allow_view_pdf() (line 100 of /home/alfi/tes_website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
Notice: Trying to get property 'field_free_to_view_pdf' of non-object in allow_view_pdf() (line 101 of /home/alfi/tes_website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Chat-Edge-Api-Key in chat_edge_api_middleware() (line 27 of /home/alfi/tes_website/sites/all/modules/custom/tes_chat_edge/tes_chat_edge.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
Warning: count(): Parameter must be an array or an object that implements Countable in _uc_line_item_list() (line 133 of /home/alfi/tes_website/sites/all/modules/ubercart/uc_order/uc_order.line_item.inc).
Notice: Trying to get property 'name' of non-object in eval() (line 6 of /home/alfi/tes_website/modules/php/php.module(80) : eval()'d code).
Notice: Trying to get property 'name' of non-object in eval() (line 6 of /home/alfi/tes_website/modules/php/php.module(80) : eval()'d code).
Notice: Undefined index: #form_id in theedgesg_preprocess_page() (line 3452 of /home/alfi/tes_website/sites/all/modules/custom/theedgesg/theedgesg.module).

Crude tanker storage fleet off Singapore points to stubborn oil glut

Reuters Published on Thu, May 19, 2016 / 8:35 PM GMT+8

A-

A+

SINGAPORE (May 19): Prices for oil futures have jumped by almost a quarter since April, lifted by severe supply disruptions caused by triggers such as Canadian wildfires, acts of sabotage in Nigeria, and civil war in Libya.

Yet flying into Singapore, the oil trading hub for the world's biggest consumer region, Asia, reveals another picture: that a global glut that pulled down prices by over 70% between 2014 and early 2016 is nowhere near over, and that financial traders betting on higher crude oil futures may be in for a surprise from the physical market.

"I've been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers," said a senior European oil trader a day after arriving in the city-state.

To continue reading,

Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Enter a valid email address

Follow our Telegram | Facebook

Delivery Address

Billing Address

Payment Details

Payment Details

Payment Details

Primary tabs

Error message

Crude tanker storage fleet off Singapore points to stubborn oil glut