Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
This post first appeared in The New York Times – Business. Read the original article.Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business:
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Coronavirus (2019-nCoV), Iran, Oil (Petroleum) and Gasoline, Oklahoma, Persian Gulf, Pipelines, Prices (Fares, Fees and Rates), Production, Refineries, Stockpiling, Strait of Hormuz, Strategic Petroleum Reserve (US), United States International Relations, United States Politics and Government, US and Israeli Attack on Iran (2026)