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"Storage Problems Could Cause A Rout In Oil Prices
By ZeroHedge
Posted on Thu, 18 February 2016 20:08
Yesterday, one of the best-known providers of energy market intelligence thanks to its massive private and patented network of land, sea, and satellite monitors, Genscape, held a webinar titled the "Current state of the global oil market" in which it covered all the core aspects that investors in the oil space find concerning, among which the following:
• Global oversupply of oil
o OPEC's dilemma with Saudi Arabia keeping up pressure to not cut production
• North American crude oil production forecast
o Impact of sustained weakness in crude oil prices on U.S. production
o What does the decline in U.S. production mean for the storage glut and refinery supply?
• U.S. oil storage
o Cushing, OK, storage record-highs in April 2015 and January 2016
o Where will the crude oil go?
o Expectations for additional storage coming online ..."
http://oilprice.com/Energy/Crude-Oil/...use-A-Rout-In-Oil-Prices.html
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