An Important Message For Oilprice Members
← Go back to All Blogs
  • entries
    2,314
  • comments
    124
  • views
    316,540

Falling U.S. crude supply begins to impact global oil prices

The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits on output but rather what is happening at America’s largest oil storage hub in Oklahoma.

View the full article

Sign in to follow this  
Followers 0

1 Comment

Recommended Comments

RG

That’s one version. The other is the US is net oil independent and what’s in storage is just a function of foreign imports. Who cares about storage. Most of that stored oil is for future refining which will be sold on the world market. Who is it from? Canada primarily, the Saudi have the worlds largest refinery in Texas. Venezuela has a refinery. BP etc. So yea, foreign oil for foreign refineries placed in hurricane alley. Brilliant. Good morning

Share this comment

Link to comment
Guest
You are posting as a guest. If you have an account, please sign in.
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×