RE:RE:Inventories still declining , OPEC no spare capacityYeah the 100 million bbls of floating storage won't all hit the market though a lot will. Remember though oil inventories in the USA are 250 million barrels below the 5 year average. As for increased production over and above what they are managing to sell on the black market already it probably won't be a real huge number. Not enough to make up for the 1 million barrel a day burn on the SPR. Still the news will roil the markets.
Last weeks delayed inventory report tomorrow.
Here some background:
https://www.iranintl.com/en/202202230335
https://www.aa.com.tr/en/energy/oil/opec-welcomes-iran-s-return-to-oil-market-under-its-oversight/33097
https://www.energyintel.com/0000017f-0c0f-dfa7-a5ff-9f1ff9de0000