Oil at Sea Soars to Fresh Record in Further Sign of Oversupply

The amount of oil sailing the world’s oceans surged to a fresh record, a sign of how supplies are continuing to mount despite the price gains that followed sanctions on...

By Alex Longley · Bloomberg Markets

The amount of oil sailing the world’s oceans surged to a fresh record, a sign of how supplies are continuing to mount despite the price gains that followed sanctions on some of Russia’s biggest oil companies.