Oil Tankers Surround California With Nowhere to Unload
The Sea Garnet crude oil tanker is pulled by tugboats near the El Segundo Offshore Oil Terminal in El Segundo, California, U.S. (Photographer: Tim Rue/Bloomberg)

Oil Tankers Surround California With Nowhere to Unload

(Bloomberg) -- Oil tankers carrying enough crude to satisfy 20% of the world’s daily consumption are gathered off California’s coast with nowhere to go as fuel demand collapses.
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