Have a look at this data and tell me if you think the concerns are overblown.
1. EIA report Sep 30, 2014 - Cushing stocks listed at 17,680,000 - (of note is that this equated to 25% of capacity)
Source: http://www.eia.gov/petroleum/storagecapacity/table1.pdf First
2. EIA data as at 30 March 2015. Cushing stocks were 58,900,000. Capacity = 4x17.6 or approx. 70 million. Just 11 million to go...yesterday added another 169,000 barrels.
Source: http://www.eia.gov/petroleum/supply/weekly/pdf/table4.pdf
Add to that Reuter's interpretation:
Surprise pause in Cushing oil stock rise likely blip, not trend
Source: http://www.reuters.com/article/2015/04/06/us-oil-inventories-cushing-idUSKBN0MX1JS20150406
The Perfect Storm for Oil, page-58
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WDS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$26.94 |
Change
-0.040(0.15%) |
Mkt cap ! $51.15B | |||
| Open | High | Low | Value | Volume |
| $27.05 | $27.13 | $26.88 | $112.5M | 4.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15001 | $26.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.95 | 8284 | 3 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |