[RayChuang88]

The Saudis have to dump the oil somewhere because they have no place to store them, even with excess tanker capacity.

[existentially_kuffer]

Was this oil bought? Today a barrel is somewhere around $10, a drop of around 35%.

[aquila48]

“The Saudis have to dump the oil somewhere because they have no place to store them, even with excess tanker capacity.”

Why can’t they stop or cut back on pumping?

[spudville]

The Saudis have to dump the oil somewhere because they have no place to store them, even with excess tanker capacity.

Would it make sense to increase our emergency reserve capacity and fill it at these or a negotiated lower price?

[bert]

The fact they are selling does not mean someone is buying.