Who should by buying and storing? And at what volumes?
Oil companies. Keep pumping and don’t sell until it is profitable to do so. As far as volume. As much as they can store. How much that is I have no idea.
Side band question for you.
How/where is “oil” stored previous to either shipment or refinement? I assume very large facilities; but my other (ignorant) question is how much can be “stockpiled” during this price war (of sorts)? Are there ways to keep the wells producing and simply sitting on the product before it is actually “used”?
(I know nothing about this field, learning as I go.)