An armada of tankers filled with Saudi crude heading to American shores is raising concern that tanks may fill again just as a US glut shows signs of easing.
Over 30 tankers laden are set to arrive in the US Gulf Coast and West Coast during May and June, according to ship tracking data compiled by Bloomberg. The more-than 50 million barrels of Saudi crude on the water threaten to disrupt a positive supply development: US crude stockpiles declined for the first time since January and inventories at the Cushing, Oklahoma storage hub contracted by the most in months.
