Monday, August 3, 2009

Oil Inventory Followup -- Offshore storage

I do not know of any centralized database tabulating all the floating oil and oil products inventory so one only has anecdotal evidence to go on. A Hellenic Shipping News article provides an estimate on the oil and refined products sitting offshore. The estimated 140 million barrels offshore is over 10% of the entire US inventory, not an insignificant number. . .

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