An unprecedented decline in oil demand has caused inventories to build sharply in 2020. The potential for storage to “run out” by this summer has been widely raised, sowing panic in the oil market.
Is this true? How full are global crude inventories? Do inventory levels vary depending on geography? Where are stocks highest? Have any locations hit a plateau?
These are some of the questions we covered in a recent webinar using Ursa inventory data. Click below to watch the video.