The tanks in Cushing, Oklahoma, are hitting bottom. The oil market is about to hit a tipping point
Industry leaders say the hub holds 21.6 million barrels, barely above the 20 million-barrel threshold that could drive sharp price swings.
- Cushing, Oklahoma, is running dangerously low on oil as the Iran war drives record demand for U.S. crude, threatening its role as the country's primary pricing and storage hub.
- Cushing serves as the "pipeline crossroads of the world," where West Texas Intermediate oil is priced and warehoused before being piped to refineries across the United States.
- Current inventories sit at 21.6 million barrels, according to the Energy Information Administration, barely above the 20 million-barrel threshold where the distribution system effectively fails.
- JPMorgan commodities head Natasha Kaneva warned that dwindling supplies disrupt critical circulation, while ExxonMobil senior vice president Neil Chapman noted reaching this breaking point could trigger sharp price increases.
- Unless the Strait of Hormuz reopens soon, industry experts suggest oil prices could climb toward $160 per barrel in coming months, forcing the energy sector to address supply shortages.
17 Articles
17 Articles
Alarms sound as America's biggest oil hub dangerously close to a tipping point: report
An American oil hub that dubs itself "the pipeline crossroads of the world" is running dangerously low amid Trump's Iran war, CNN reported.Cushing, Oklahoma, usually stores about 40 million barrels of oil and has a capacity to carry up to 75 million. However, Cushing is holding just over half that amount as it reports a current inventory of 21.6 million barrels, according to the U.S. Energy Information Administration."We're raising alarm bells r…
Post Register
Cushing crude stocks sit less than 2 mmbbls above operational floor amid global supply crisis
LONDON/HOUSTON/SINGAPORE, June 12, 2026 (GLOBE NEWSWIRE) -- Cushing crude storage levels have plummeted in recent months. Inventories fell 11.3 million barrels (mmbbls) to less than 25 mmbbls between early April and early June, according to Wood Mackenzie. The firm's monitoring…
Cushing, Oklahoma, calls itself the world's pipeline crossroads. This slogan is displayed on a huge sign at the side of a road, constructed from pipes, at the corner of Main Street and South Stiles Road, and even features a…
The tanks in Cushing, Oklahoma, are hitting bottom. The oil market is about to hit a tipping point
Cushing, Oklahoma, dubs itself the pipeline crossroads of the world. The tagline is emblazoned on a giant roadside sign fashioned out of pipes on the corner of Main Street and South Stiles Road. It has a valve and everything.
The stocks of oil from Cushing have fallen below 25 million barrels, close to a critical threshold. Companies in Romania can face increased costs in transport and energy on the bottom
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