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U.S. crude oil delivery hub inventory crisis

2026-06-13 23:59

Odaily Planet Daily News: Inventory at the Cushing, Oklahoma crude oil delivery hub is running critically low, approaching operational limits. As the Middle East conflict continues to disrupt global energy supplies, the normal storage capacity at Cushing is approximately 40 million barrels, with a maximum storage capability of 75 million barrels. However, the latest data from the U.S. Energy Information Administration shows that local inventory has dropped to 21.6 million barrels, only slightly above the industry's widely recognized operational warning threshold of about 20 million barrels. (CNN)