Related Articles
Forward article link
Share PDF with colleagues

2012 Independent Storage Survey: US fundamentals shaky for oil storage

Storage operators in the US have seen their speculative and, now, logistical businesses trimmed – but some are benefiting from rising US exports

Independent oil storage operators in the US are having to adjust to more difficult times. In 2011 their speculative storage dried-up as refined product prices moved into backwardation – futures prices lower than prompt, eliminating the attraction for speculative stock-holding and persuading marketers to trim their commercial stocks to the minimum. Then in 2012 they were faced with another decline in products consumption, cutting the volumes moving through their terminals. Logistical business – flows through tanks – has been less favourable since US refined products consumption peaked in 2005, at 20.802 million barrels a day (b/d) according to Energy Information Administration (EIA) statisti

Also in this section
Cyprus dreams again
24 May 2017
Developers working offshore the island think they may be about to unlock vast new reserves. Taking them to a depressed market will be much harder
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG