In another sign that the second coronavirus wave is hitting fuel demand, oil trading firms are looking for new supertankers to use them as floating storage for diesel as demand is expected to suffer from the renewed lockdowns in major European economies, trade and shipping sources told Reuters . Diesel in global floating storage is expected to increase as major oil firms and trading houses are on the prowl for supertankers, expecting lower than usual diesel demand from the industrial, heating, and transport sector in the coming months. Concerns about fuel demand intensified this week after two of the largest economies in Europe—Germany and France—announced lockdowns, which the market was not expecting two or three weeks ago. Industry professionals and executives did not believe that countries would resort again to nationwide lockdowns. Yet, France did , and as of Friday, people are allowed to go out only for shopping […]