You are here

US Gulf Coast's crude oil stockpiles at record high

Tanks filling up as pipelines carry in shale oil and law restricts exports

BT_20140411_CRUDE11_1040289.jpg
Rising stores: The glut may start to shrink in the second quarter as refineries ramp up to meet summer petrol demand. - PHOTO: BLOOMBERG

[HOUSTON] Houston and the rest of the US Gulf Coast have more crude oil than the region can handle. Stockpiles in the region centred on Houston and stretching to New Mexico in the west and Alabama in the east rose to 202 million barrels in the week ended April 4, the most on record, Energy