Oil traders from Houston to the North Sea are tapping into plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about 2 million barrels a day of output. Ample oil inventories near record highs on ships and land have left buyers in no hurry to lock down new crude supply. Many have even shunned offers of fresh cargo. Traders said there was an overhang of physical oil in Nigeria, with more than 20 June loading cargoes available. In Angola, there were nearly 10 June-loading cargoes. “There is simply so much crude on the market,” said Eugene Lindell, oil analyst with JBC Energy, adding that buyers “are quite wary simply because there is […]