June 15, All The Oil Stored Above-Ground Will Be Used-up

On or about June 15, 2026, all the oil reserves, stored in tanks above ground, will be USED-UP, globally.  Commerce will all but cease.

The Chart below from NinePoint Partners via Kpler shows all the oil storage tanks above-ground and on-the-ocean, planet-wide.

With the strait of Hormuz closed, about twenty percent (~20%) of the world's DAILY needs, are no longer being brought to market.   That's two barrels of every ten barrels needed, NOT being available.

The world has a significant amount of oil stored in tanks and caverns, plus what is already aboard ships and traveling,  to smooth-over disruptions in normal oil flow.

Since the Strait of Hormuz was closed by military conflict on February 28 of this year, the world has had to begin using those stored oil reserves because of this disruption to normal oil flow. MORE

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