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" ... Global oil inventories are highly uncertain. Only OECD inventories are reported on a (somewhat) timely basis. Traders focus on U.S. inventory reports the way drunks look for their keys under a streetlamp: the light is better. And storage capacity estimates are just that, estimates. The National Petroleum Council used to make occasional reports of industry storage capacity, but for most of the world, especially outside the OECD, numbers tend to be guesses. (If anyone knows of actual data, please inform me.) ... "