Contango shrinks- Shell sells by the sea shore

[Skip to the end] OPEC cuts starting to bite. Saudis back in control of price as excess inventory dissipates. Shell Sells Oil Cargoes, Phibro Tanker Leaves Orkney by Alexander Kwiatowski Jan 27 (Bloomberg) — Royal Dutch Shell Plc sold a cargo of crude stored off the U.K. and a vessel hired by Citigroup Inc.’s Phibro […]