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Enterprise Opens Up Pipeline Freeway to Cushing Storage Hub for Crude Producers

Despite production cutbacks, US storage is expected to be full by mid-year.

Adjustment to low prices will be much faster than in the past.

As demand for crude oil falls and storage tanks around the world fill up, there is a temptation to turn to tankers for storage.

If Saudi Arabia and Russia ramp up production as promised, the increase could total as much as 700 million barrels per month.

Analysts estimate the global glut of crude could reach 1 billion barrels.

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