Crude Oil Storage and Capacity… – Commodity Research Group

December 3, 2015 by Jim Colburn Leave a Comment

From the EIA, Today in Energy:

“Although storage utilization levels along the Gulf Coast and at Cushing are often assessed separately, their combined utilization is currently most relevant given the increased pipeline capacity to move crude oil south from Cushing to the Gulf Coast during a time of high global crude oil inventory builds. Despite relatively high crude oil inventories and storage capacity utilization, there are still more than 100 million barrels of capacity available in these two areas. More information about the interplay between crude oil storage patterns and financial markets is available in This Week in Petroleum.”

graph of U.S. Gulf Coast and Cushing, Oklahoma, crude oil inventories, as explained in the article text

Here is more:

http://www.eia.gov/todayinenergy/detail.cfm?id=23992

And, from This Week In Petroleum:

http://www.eia.gov/petroleum/weekly/archive/2015/151202/includes/analysis_print.cfm

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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