As Hurricane Harvey swept across the Houston area, torrential waves of rain built on top of crude oil storage tanks at Valero Energy's Houston refinery, causing one of the roofs that float atop the ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Using very large crude carriers (VLCCs) as floating ...

Getting your Trinity Audio player ready... By Matthew Brown and Larry Fenn, The Associated Press More than two dozen storage tanks holding crude oil, gasoline and other contaminants ruptured or ...

Although it’s difficult to assess precisely how much crude and distillate fuel are now held in floating storage around the globe, the associated risk is increasing significantly, said Olivier Jakob at ...

In its latest Oil Market Report, the International Energy Agency notes that short-term floating oil storage fell during the month of July, from 54.4 million barrels in June to 50.5 million barrels.