The U.S. adds record amount of crude oil storage capacity; smaller than expected draw reported today
The glut of crude oil has prompted for some time now a fear that storage may not be able to keep pace with the speed of production in the United States. The EIA measures crude oil storage capacity twice each year, and reported today that 34 million barrels (6% of total crude oil storage capacity) was added from September 2015 to March 2016, the largest expansion of commercial crude oil storage since the agency began tracking storage capacity in...


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