Sheila Tobin, Bloomberg, has a nice piece on storage availability, here…
”This year, about 1.9 million barrels of crude storage become available at St. James and Gibson in Louisiana and Beaumont in Texas, said Steven Barsamian, chief operating officer at The Tank Tiger, an independent storage brokerage. “This is the most amount of storage we’ve seen up for rental in at least a year,” he said.
Crude inventories in Cushing, Oklahoma, and on the U.S. Gulf Coast have sunk to the lowest levels in more than six months. Some terminal operators aren’t seeing leases getting renewed once the users clear out supplies.“
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