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NYT

These Tanks Can Hold 90 Million Barrels of Oil. They Have Just 22 Million.

Friday, August 28, 2026


Oil storage tanks with a combined capacity of 90 million barrels currently hold approximately 22 million barrels, according to reporting on global petroleum reserves. The drawdown reflects ongoing consumption by oil companies and governments amid tensions between Iran and the United States over control of the Strait of Hormuz. No specific timeline or attribution for the capacity figures was provided in available sources.

Original reporting: https://www.nytimes.com/2026/08/28/business/energy-environment/oil-storage-iran-war.html

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