Supertankers drafted in to store glut of crude oil

Ships able to carry 2m barrels chartered for $335,000 a day to store oil unwanted during the Covid-19 pandemic

Giant oil tankers are being used to hold record amounts of crude at sea due to a global oversupply that threatens to overwhelm the world's storage facilities.

A record 160m barrels of oil has been stored in "supergiant" oil tankers outside the world's largest shipping ports following the deepest fall in oil demand in 25 years because of the coronavirus pandemic.