All articles tagged with #oil storage
Iranian drones struck oil-storage tanks at Oman’s Port of Salalah, marking a widening attack on Gulf energy infrastructure as the Iran–US–Israel conflict spills over into export routes beyond the Strait of Hormuz, with Salalah serving as a key bypass hub for shipping.
Stockpiles at the Cushing storage hub in Oklahoma are at risk of reaching their lowest level in almost a decade, potentially leading to a boost in crude prices and supporting the goal of reaching $100 oil by the end of the year. The decline in inventories reflects the tightening global market and the scramble for near-term supplies. Official estimates will be released this week.