Oil Storage Levels Increase Worldwide, States GlobalData in Its Topical Market Research Report Available at MarketPublishers.com25 May 2016 • by Natalie Aster
LONDON – The worldwide oil storage industry keeps on confronting severe challenges of oil storage hitting nearly critical levels, declining prices in tandem with worries over projected supplies. Against the background of looming severe constraints, a depression in oil prices will likely continue for some time to come.
Globally, inventories surged by 1 billion barrels in 2015, and around 290 million barrels are likely to be added into storage throughout 2016. The stock gain is anticipated to put midstream operations under constraint and will likely witness floating storage bring profits.
DuPont, Jotun, AkzoNobel, Hempel, PPG Industries, Advanced Marine Coatings, Kansai Paint, Chugoku Marine Paints, Sherwin-Williams, Admiral Coatings, BASF, and Nippon Paint Holdings are the leading companies operating in the industry.
Topical research report “Global Planned Oil Storage Industry Outlook to 2020 - Capacity and Capital Expenditure Forecasts with Details of All Planned Terminals” elaborated by GlobalData provides comprehensive details about planned oil storage terminals that conserve crude oil or petrochemicals or chemicals from pole to pole. The report, in particular, covers the pertinent terminal’s name, operator’s name, storage capacity and commodity preserved. The study provides detailed capex outlook at a worldwide level and region-wise by year and top nations for oil storage terminals up to 2020. The research publication includes leading country comparisons across a region as well as regional comparisons, on the basis of contribution to overall storage capacity. It gives insights into planned (new build) terminals capacity expansions and actual capacity expansions. Furthermore, the report takes a shrewd look at the latest developments and recent contracts and tenders region-wise.
More studies by our market research partner can be found at GlobalData page.