The Curious Case Of The 550 Million Missing Barrels Of Crude Oil
![The Curious Case Of The 550 Million Missing Barrels Of Crude Oil The Curious Case Of The 550 Million Missing Barrels Of Crude Oil](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/e605d84f61b697c19ae2427eaa960e6f-500x390.png?itok=ZHEryDpw)
Even as US crude oil inventories just hit a fresh record high for another week, both in Cushing and across all other regions, a more curious accumulation of excess oil inventory has emerged: according to the IEA, global oil production exceeded consumption by just over 1 billion barrels in 2014 and 2015.