This is getting verrry interesting.
"Iran is spending millions of dollars a day storing unwanted crude oil on ships, while at the same time preparing to slash its much-needed gasoline imports it says it can no longer afford.
Industry experts estimate the Islamic republic has for several months been storing close to 20 million barrels of crude oil on tankers, as there is a limited market for the heavier crude oil grades it produces."
Can't give the stuff away or hoarding?
Inventories are high all over the world. You couldn't tell that by the prices being paid though.