Very Long Oil Rebalancing Process Is Starting, Says Oil Analyst Sen

The video discusses the stabilization of oil prices and the potential future movements until oil finds a stable floor. It highlights the global concern of running out of inventory space, particularly in the US and Europe, and the impact on WTI prices. The rebalancing process of the oil market is beginning, driven by a supply response overtaking demand declines. Storage capacity issues are prevalent, with the US and Europe nearing full capacity, while China still has some space. A significant inventory build-up is expected in the first half of the year.

What challenges are associated with filling up oil storage tanks?

What is the significance of the billion barrels of inventory expected to be built?