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Oil stockpiling added to gas shortage in global market
The Iranian disruption to oil output sparked a world shortage as U S oil firms sought alternative crude sources and OPEC pushed prices higher in a seller’s market. Officials noted limited tracking of storage, with industry tanks filling ahead of anticipated cost rises while distributors face allocations and evolving DOE rules.
MENTIONED IN THIS ARTICLE
U.S
OPEC
Washington
Department of Energy
APT
Lundberg
North Hollywood
Calif