Chevron books prompt VLCC for storage option in US


Jul 9, 2000
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From Rueters:
quote:

SINGAPORE, April 27 (Reuters) - Chevron Corp. has made a booking for a super tanker to load crude from Mexico, adding an option to use it as storage for surplus imports, or to gain from higher forward oil prices, industry sources said on Friday.

The U.S. refiner has made a prompt provisional booking for the Birdie, a 270,000 deadweight tonne, double-hulled Very Large Crude Carrier (VLCC), to load on May 5 from the east coast of Mexico.
Story at http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070427:MTFH24153_2007-04-27_07-31-31_SP75028&type=comktNews&rpc=44

Sorry about the long link, but I don't know how to use the tinyURL thing that some of my colleagues do. Conspiracy theory lovers might find some interest in the prospect of storing oil until prices go up.
 

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