Oil inventories are at an all-time high at the Cushing delivery point in Oklahoma. Fortunately, working storage capacity is also at its highest on record, but the available space is filling up fast.

In the Energy Information Administration’s (EIA) Today in Energy brief for March 23, 2015, the article details the builds in Cushing working storage capacity along with the utilization rates since 2011. Cushing is currently at 77% capacity – the highest in roughly two years, but short of the record of 91% in early 2011.

The volumes arriving at...

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