World’s on the brink of running out of places to put oil

The world will run out of places to store oil in as little as 3 months. The current rates of supply and demand mean inventories will increase by 1.8 billion barrels. With only an estimated 1.6 billion barrels of storage capacity still available, producers will be forced to cut output because by June there’ll be no place left to put the unwanted crude.

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