Originally Posted by OpieTaylor

The gulf coast supplies some of Caribbean and SA.

I wouldn’t examine it too closely because a lot of it is shipping efficiency during periods of tight margins.

20% SOH number is already dated because Saudi has a huge pipelines that can pump crude west across the country but it still needs to be loaded on ships, so normally cheaper to not pay to pump crude from one port to another port.


Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel.

There has never been a period in history where the world consumed 101m bpd at $200 price point.