South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Monday, as available storage capacity everywhere in the world in shrinking fast amid the demand collapse. South Korea’s total commercial storage capacity on land, at around 38 million barrels, is fully booked, Bloomberg’s sources say, while storage capacity is also depleting fast in India, a key oil consumer in Asia and the world’s third-largest importer of crude oil. While South Korea’s land storage capacity has been filled up, the Singapore Strait is full of tankers carrying fuel as demand has slumped and as land storage in the region has diminished, analysts and analytics firm tell Bloomberg . Elsewhere in Asia, in India’s nationwide lockdown to contain the pandemic, demand for oil in the country has plunged while storage capacity […]