Only Nine Empty Oil Supertankers Are Visible in the Persian Gulf

The tally of ships able to store oil from the big Middle East producers is dwindling fast, with just nine empty very large crude carriers visible in the Persian Gulf. Once those are loaded, onshore storage tanks will fill rapidly, leading to more production shut-ins.

Each tanker can hold about 2 million barrels of crude, equivalent to just five hours of nationwide production from Saudi Arabia.