Reposted by Bo Hitchens
Stocks of crude oil in the US Strategic Petroleum Reserve are at their lowest since October 1982.
Natural gas inventories are also depleted. A bad winter could bring about a "bloodbath" in the gas market in the first quarter of 2027 if storage hits minimal levels.
www.reuters.com/business/ene...
reuters.com
The world has nearly burned through its oil stockpile buffer, executives say
The amount of oil in storage that is accessible to the global market is running low, industry executives said at a forum in London this week, making the market more fragile and putting upward pressur...
