Storage capacity utilization rises, oil… EIA

June 9, 2016 by Jim Colburn Leave a Comment

Another great piece from the EIA on the growth of oil storage capacity and utilization in “This Week in Petroleum”:

Storage capacity has grown, but so has utilization:

Oil stocks usually decline this time of year:

And the market is paying less to store vs. earlier in the year (around 65 cents in Feb, 40 cents now)…

Chart is from barchart.com…

Here is the EIA site: http://www.eia.gov/petroleum/weekly/

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