Greek manager Signal Group has calculated that 440 VLCCs would be needed for oil storage in the worst-case scenario for crude demand during the coronavirus crisis.
Analysts Ioannis Psarros, Kostis Chatzimichalis and Semiramis Assimakopoulou have been crunching the numbers ahead of the crucial Opec+ meeting on Thursday, which could see output cut.
They have produced data for three scenarios where crude production outstrips demand by 10%, 15% and 20%.
