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Bloomberg - OPEC's challenge! higher global oil inventories

Bloomberg - OPEC's challenge! higher global oil inventories

  • TV-G
  • 2019
  • 3mins
Aug.22 -- It's a showdown between Brent and WTI and it all has to do with inventories. This week the U.S. saw a bigger than expected crude draw particularly in Cushing as more pipeline capacity makes it easier to get crude down to the Gulf Coast for export. Alix Steel talks to Kevin O'Brien the Chief Business Officer at Orbital Insight about why global inventories remain so elevated despite seasonal draws--and what OPEC can do about it.