US Crude Stocks Close to Rock Bottom

US crude stocks close to rock bottom

HOUSTON - In the prairie town that calls itself the ​pipeline crossroads of the world, 400 oil storage tanks sprawled across Cushing, Oklahoma, are ‌nearly empty, drained by refiners worldwide to plug a massive shortfall in global supplies caused by war in the Middle East.

US Oil Exports Surge, Draining Domestic Crude Inventories Toward Rock Bottom - Energy News, Top Headlines, Commentaries, Features & Events

Summary Cushing inventories near operational minimum, risking supply disruptions and crude quality issues US crude exports hit record highs as global supply disrupted by Iran war Phillips 66 internal estimates show Cushing could hit operational minimum as soon as June end NEW YORK/HOUSTON, June 5 (Reuters) – At the prairie town that calls itself ...