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EURONAV FRONTLINE DEAL
Euronav and Frontline sign $4.2bn deal to create the largest fleet of oil tankersA merger of Frontline and Euronav, two of the biggest independent operators of crude oil tankers in the world, will result in the world's l...- It’s time to wave goodbye to bonanza oil tradeThe financial incentive to store, known in trader jargon as contango, has all but vanished.
- In Saudi-Russia price war, the big winners are oil tradersA new price structure, called a contango, allows the traders to make easy money by buying crude cheap, storing it, and selling it forward.
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