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Permian triangle at centre of growing US crude storage

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29 May 2015

Permian triangle at centre of growing US crude storage

Report summary

On May 28 2015, the EIA issued its twice annual update of US crude storage capacity. US commercial crude storage capacity was brought to the fore earlier this year when oil stocks increased by an unprecedented 108 million barrels between January and April. There were concerns that US crude oil storage capacity was inadequate and oil prices would collapse as the market would scramble to find expensive storage alternatives, such as "floating storage" on ships.

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