US Cushing Oil Supplies Near Operational Bottom - Energy News Beat
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4 Articles
It has just over 8,000 inhabitants but it is the oil heart of the United States. In the city of Cushing, in the state of Oklahoma, the dozens of pipelines across the country that transport oil from Texas or Canada converge. It is the official place of physical delivery of West Texas Intermediate, one of the main types of oil traded in the world, and a site with large storage capacity that these days symbolizes the critical level at which crude r…
Global oil and fuel reserves have continued to dwindle since the outbreak of war between the US and Israel against Iran, raising serious concerns about the security of the world's energy supply.
The stability of the oil market after more than three months of conflict in the Middle East is largely sustained by the use of strategic reserves accumulated by major economies. However, the United States, Japan and Europe face increasing limits to continue releasing crude oil.
US Cushing Oil Supplies Near Operational Bottom - Energy News Beat
Cushing, Oklahoma — the critical delivery hub for West Texas Intermediate (WTI) crude oil futures — is rapidly approaching operational limits as inventories continue their steep decline amid global supply disruptions. Latest EIA Data: Sharp and Sustained Drawdowns According to the U.S. Energy Information Administration (EIA), commercial crude oil stocks at Cushing stood at 21.64 million barrels for the week ending June 5, 2026 — down 801,000 bar…
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