Even as the biggest oil market meltdown since the financial crisis unfolded over the past few weeks, the real-world, physical market is showing few signs of panic or distress – yet. The disparity emerging between futures and prices for cash crude cargos being shipped next week and physical oil in storage can be seen from Singapore to Houston. Merchants, refiners and oil producers say the immediate market for Nigerian or North Dakota crude is holding fast, in contrast to the 20 percent slump that has unfolded on their screens. The deep discounts or unsold tankers that would suggest a more dire real-world glut, as in late 2008, are not to be found, even with futures touching $30 for the first time […]