Replies to post #21939 on The Rising Influence of Rising Affluence

[semi_infinite]

ME producers ex-Iran and ex-Iraq pumping 4+ million B/D compared to pre-pandemic levels still.

[DewDiligence]

Cushing is all booked—(obvious in hindsight):

https://www.reuters.com/article/us-global-oil-usa-storage/no-vacancy-main-u-s-oil-storage-in-cushing-is-all-booked-idUSKCN22332W

Official U.S. government data shows that storage at the key crude oil hub in Cushing, Oklahoma, was just 70% full as of mid-April… But while the tanks are not full yet, they are fully leased out to producers and traders who will fill them soon, five trade sources said. That means to anybody looking for a last-minute space - there is not any.

[DewDiligence]

Full tankers waiting for someplace to go (coastal California):



Source: WSJ