October 31, 2021

Oil Inventory in Gulf Coast Way Up

Timothy Birdnow

Another from Oilprice.com

Oil inventories on the U.S. Gulf Coast have grown to the highest in about ten years, adding 20 million barrels since the beginning of the month.

https://oilprice.com/Energy/Crude-Oil/Why-US-Gulf-Coast-Crude-Inventories-Are-Suddenly-Jumping.html

Posted by: Timothy Birdnow at 12:01 PM | Comments (7) | Add Comment
Post contains 39 words, total size 1 kb.

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Posted by: Showbox at November 20, 2021 02:58 AM (6D2st)

3 The crude oil inventory on Gulf Coast is Way Down. Crude oil inventories have climbed for months on end, starting with a small decline in December 2010 and growing through the first half of January 2011. This inventory build was greater than seen in the last five years, thanks to rising crude oil prices and their effect on futures and https://www.huffpost.com/archive/ca/entry/to-pay-or-not-to-pay-someone-to-write-my-essay-for-me_b_14793970 options trading.

Posted by: Terdes at October 11, 2022 10:58 PM (4bw3p)

4 The Gulf Coast is a hub for the oil industry, and Houston’s refineries are no exception. The Port of Houston is thriving, with four million barrels of oil passing through every day. Oil products, including gasoline and other fuels, are big business here: the port’s economy relies heavily on it. Unfortunately, that reliance has taken its toll on Houston’s air quality. I just hear gulf industry is also looking for the social media followers, Is it true?

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Posted by: kunal tomar at August 25, 2023 11:55 PM (UyO3B)

6 High oil inventory levels provide policymakers with flexibility to manage energy security and respond to geopolitical events or emergencies. Adequate reserves can help mitigate the impact of supply disruptions and ensure energy stability for domestic and international markets.


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Posted by: Paloma Williams at March 28, 2024 01:52 AM (wG5te)

7 A significant increase in oil inventory in the Gulf Coast could indicate a supply glut, which might pressure oil prices downward. This could benefit consumers with lower fuel prices but challenge producers with reduced revenue. The situation may also reflect strategic stockpiling or decreased demand. It's crucial to monitor how these inventory levels impact broader market trends and economic conditions.


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