ARA oil storage tanks are fully booked but only half full

LONDON (Reuters) - Independently-held storage tanks for oil products in the Amsterdam-Rotterdam-Antwerp hub may be already fully committed to traders, but utilisation levels are still at around the halfway mark, Dutch consultants Insights Global said. With demand for fuels across Europe in free fall from the lockdowns that the new coronavirus outbreak has caused around the continent, and the subsequent price crash for many fuels, traders have been on an oil storage binge. But while they been..