The amount of oil that Iran currently has in storage may have come off its May peak, according to industry sources, but it is still forcing the oil producer to hold back production. Iran’s oil in storage peaked around the end of May and has declined since, with offshore floating storage sitting at roughly 58 million barrels, London-based oil analytics firm OilX told Oilprice.com. Market intelligence firm Kpler estimates that Iranian crude in onshore storage tanks reached 66 million barrels in June , according to Reuters, while FGE Energy sees that figure at 63 million barrels. This is a far cry from the 15 million barrels that Iran had in onshore storage in January. Theoretically, Iran has about 78 million barrels of total storage capacity, so 66 million barrels would mean its onshore storage capacity is about 85% full. This 85%, however, is already near the practical storage limit […]