China's capacity to store oil and history of buying discounted supplies could help Moscow offset an EU embargo. China has at least 83 million barrels of spare inventory capacity that could be filled ...
Sources: Saudi Arabia and the United Arab Emirates are ready to deliver a "significant increase" in crude oil production if the market should run up against a severe supply crisis this winter.
Abu Dhabi National Oil Company (Adnoc) has increased its oil production capacity to 4.85 million barrels per day, up from the previous 4.65 million bpd level, the Emirati state giant has confirmed.
People are probably a bit confused to see constant references to full storage tanks, and then data from the Energy Information refers to U.S. crude storage capacity utilization being less than 60% ...