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.
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.
There were only nine empty supertankers visible in the Persian Gulf on March 6, 2026.
Indian refiners are snapping up Moscow’s barrels after Middle East flows have bottled up in Persian Gulf.
A Bharat Petroleum Corp. oil refinery in Mumbai, India, on Tuesday, March 3, 2026. Oil extended gains as fresh attacks flared in the Middle East and traders weighed a US plan to insure and escort tankers passing through the Strait of Hormuz, with traffic in the vital waterway all but halted. Photographer: Abeer Khan/Bloomberg
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