Grant Smith and Sheela Tobben

Government, Business, Fuel

Oil’s Scenario of Exhausted Storage Starts to Fade

Oil storage tanks are seen in Cushing, Okla. Oil storage tanks are seen in Cushing, Okla. (Daniel Acker/Bloomberg News)

While the global oil market remains in a dire situation, it’s starting to look like the nightmare scenario envisioned for the past month might just be averted.

May 12, 2020