After adding roughly 100 million barrels of crude stocks in 2015, the high level of supply in the US continues to bubble over into 2016, according to Greg Haas, director of integrated oil and gas at Stratas Advisors.
The vast crude supply “has helped drive prices down because you’ve certainly have a lot more carrying cost for that inventory today than you did a year or two ago,” Haas said recently at Hart Energy’s new breakfast series, Viewpoints.
More data and analysis on the midstream sector in 2016 is available from Stratas Advisors here.
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