Fred Pals and Jack Wittels

Business, Fuel, Logistics

World’s Biggest Oil Storage Firm Says Almost All Space Sold

Storage containers stand at an oil terminal, operated by Koninklijke Vopak NV, at the Port of Rotterdam in Netherlands in April 2017. Storage containers stand at an oil terminal, operated by Koninklijke Vopak NV, at the Port of Rotterdam in Netherlands in April 2017. (Simon Dawson/Bloomberg News)

The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created.

Fred Pals and Jack Wittels | Bloomberg News
April 21, 2020