Two comments:
- the numbers may be bogus, but the trend / optic is accurate -- Saudi emptied its on-shore storage in March / April, 2020
- this is global storage; most of it may be in Saudi Arabia, but the kingdom has storage including but not limited to throughout the Middle East, Rotterdam, and the US
The next question is "why" did they empty their on-shore storage in the manner that they did?
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Tomorrow Night
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