The US Energy Information Administration (EIA) has released the nations first report showing crude oil storage capacity.
Crude oil storage capacity at US terminals currently stands at 385.6 million barrels, the report shows.
The countrys crude hub of Cushing, Oklahoma, harbours 55 million barrels. Working capacity, or the maximum amount of useable tanks considering space needed to keep some grades separate and coordinate pipeline shipments, is 45.9 million barrels.
Crude oil inventories at Cushing, the delivery point for New York futures, rose 910,000 barrels to 34.5 million last week. Supplies at the hub are at 75% of capacity, based on the working capacity.
The amount of US crude oil storage leased out is 39%. At Cushing 59% of the capacity is leased to others.
The report is the first to show capacities at terminals in the US. The data will be released on a semi-annual basis.
The report can be found here: http://www.eia.gov/pub/oil_gas/petroleum/feature_articles/2010/storagecapacity/storagecapacity.pdf