This is the big one, yes, Saudi Arabia saying that they started to cut oil output as storage has started to fill up. And you will recall over the course of our reporting of the past week, they had been looking for alternative routes to get this oil out that bypasses the Strait of Hormuz. And they do have that east west pipeline that's available to them for port, a capacity of around 5 million barrels a day.So it could have gone some way towards mopping up some of the production that needed to get out. But t ...

RT Nick Szabo (@NickSzabo4)Only a trickle of oil and crucial oil-derived fertilizers and chemical feedstocks are getting out of the Persian Gulf. That little trickle is mostly Iran's oil.One result is that Gulf oil storage is rapidly filling up and Gulf states are starting to radically slow down oil production."The United Arab Emirates and Kuwait have already started reducing oil production as storage runs out, joining Iraq, whose output is now down about 60%. Others may be forced to follow as oil tankers c ...

Major oil storage sites in Saudi Arabia are filling rapidly as the key export route through the Strait of Hormuz effectively remains closed to shipping, according to geospatial analytics company Kayrros https://t.co/iSuwomH8XU ...