[plain talk]

Here is a another key point in this extremely well written article (below). 50M barrels is one-half years' worldwide demand for oil. That is a lot of oil in an oil-saturated market.

Farther down Iran's Persian Gulf coast is another flotilla of similarly vast vessels. They contain up to 50m barrels of Iranian crude--just what a world awash with oil could do without. The lifting of nuclear-related sanctions against Iran on January 16th puts those barrels at the forefront of the country's quest to recapture a share of international oil markets that it has been shut out of for much of the past decade.

[thackney]

50 million barrels is a bit over half a day of worldwide demand for oil.

[central_va]

50M bbls is a 2 1/2 DAY supply of oil for the USA.