Oil plunge sets off search for storage tanks on land and sea
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NEW YORK/LONDON (Reuters) - Traders are scrambling to secure oil storage tanks on land and at sea to cope with slumping demand resulting from the coronavirus outbreak and a flood of supply from the Saudi-Russia price war.Rates to store oil at the world's main trading hubs from Japan to South Africa and the United States are surging as millions of spare barrels of oil hit the market daily.Trading house Glencore this week also chartered one of two of the world's largest oil tankers, capable of..