Top Tweets for #threeDays

This confirms ~ 13-day onshore storage estimate: Iran is now using containers and "junk storage" (disused tanks in poor condition) in Ahvaz and Asaluyeh to avoid cutting production. And now rail. They're delay tactics measured in days, not weeks. 1. Why rail is a dead end: Iran's own senior rail transport expert Morteza Naserian told Mehr News there are only 2 rail corridors to China, never used for petroleum, with severely limited capacity and zero bulk crude infrastructure. 2. The floating storage "fix" is equally thin. Iran pulled NASHA (IMO 9079107), a 30-year-old retired VLCC, out of the breakers. NASHA buys ~48 hours. 3. Jask terminal storage tanks have reportedly already hit maximum capacity as of April 25. Some tankers are now anchored near Kharg acting as improvised overflow. a fleet the Islamic Republic can't replicate at scale. 4. The 2020 precedent that some point out to (85% storage utilization + 120 Mbbl afloat) was managed under very different conditions (I was watching it from the inside): it was sanctions without a naval blockade, and with active export channels still partially open. That escape valve is gone now, and Iran's tankers (including its ghost fleet) are already filled up with 166M barrels. 5. Bottom line: containers, junk tanks, retired VLCCs, and rail fantasies are not a storage strategy. They're the last moves of a system running out of room, exactly on the timeline that was estimated. Don't forget about the gasoline shortage clock. https://t.co/isLzXVdFWR