Major crude storage hubs fully booked but not yet filled - OilX
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LONDON (Reuters) - The world is swimming in unwanted crude oil thanks to pandemic-related demand destruction yet some major crude storage hubs are still only virtually full as purchases from last month have yet to arrive, according to consultancy OilX.Analysts and top trading executives see a demand loss ranging from just under 20 million barrels per day (bpd) to over 30 million bpd this month due to widespread lockdowns to contain the spread of the novel coronavirus.To address the acute and..