Manila Times Business
Cushing crude stocks sit less than 2 mmbbls above operational floor amid global supply crisis
Cushing storage inventories Source: Wood Mackenzie LONDON/HOUSTON/SINGAPORE, June 12, 2026 (GLOBE NEWSWIRE) -- Cushing crude storage levels have plummeted in recent months. Inventories fell 11.3 million barrels (mmbbls) to less than 25 mmbbls between early April and early June, according to Wood Mackenzie. The firm's monitoring spans fixed-roof tanks, caverns, and floating-roof tanks, producing more complete and reliable datasets than satellite-sourced alternatives. While satellite data can esti
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