Webinar on-demand: COI Update- Coverage, Storage Dynamics, and High Frequency Insights

What was covered in the webinar:

An overview of the latest Crude Oil Inventories coverage update; including the addition of newly built storage locations and older sites previously outside coverage, totalling over 114 million barrels of additional capacity.

Methodology

The three-phase methodology used to identify and add new storage tanks: groundwork detection, tank construction monitoring, and water testing validation; with satellite imagery used throughout to ensure data accuracy and avoid false positives.

Capacity trends

China storage capacity trends; including the 7.3% capacity growth registered in 2025, a slowdown in early 2026 due to construction delays, and the current fill rate of around 60%, implying significant spare capacity of up to 200 million barrels.

China crude capacity (bbl)

Source: Kayrros

Recent inventory dynamics

Recent inventory dynamics across China, the rest of Asia, and the US; including the draw in Asian ex-China inventories, the build in US commercial storage in the early weeks of the conflict, and more recent draws driven by record U.S crude exports.

Site-level analysis

Rising pressure on Iranian storage infrastructure at Jask, Goreh, and Kharg Island; where onshore storage levels have climbed sharply due to the US blockade preventing tanker loadings and exports.

Refinery and terminal update

Dangote refinery

Completion of Dangote refinery storage coverage with a minor addition of 1.7 million barrels

Jask terminal

Jask terminal expected to begin operations in 2028.

Our expert analysts speaking in this webinar: