Published Date : Aug 16, 2016
ALBANY, NY, Aug 16, 2016 - MarketResearchReports.biz has added a new report, titled ‘Global Planned Oil Storage Industry Outlook To 2020 - Capacity And Capital Expenditure Forecasts With Details Of All Planned Terminals’, to its offering. This report presents the forthcoming and current prospects in the global planned oil storage industry. The market has also been evaluated on the basis of recent developments, opportunities, trends, and outlook. This report aids companies in assessing the oil storage terminals of competitors across the globe.
The report further sheds light on the historic and forecast data of the market with respect to exports, imports, production, and consumption. It helps in attaining a detailed understanding of the industry for planned oil storage by highlighting the financial deals, awarded contracts, and technological advancements taking place in this market during the forecast period from 2016 to 2020.
The report also aids in providing up-to-date information on all the planned oil storage terminals being constructed globally for storing petroleum products, crude oil, or chemicals. In addition, the capacity information relevant to all these storage terminals forms a key part of this study. Furthermore, information on the key operators dealing in the planned oil storage terminals and the latest developments taking place in this market have been encapsulated under this study.
An oil storage terminal, also called an oil depot or tank farm, is primarily located near oil refineries. An oil storage terminal is a type of industrial facility made for storing oil or any other kind of petrochemical products. From the oil storage terminal, these oil or petrochemical products are further transported to a number of end users to be utilized in different applications or to other storage facilities.
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The year 2016 has marked a huge drop in the prices of oil and this has resulted in a significant change in oil trends – the total crude oil supply has exceeded its demand. Further, this fall in oil prices has led to an acute oil glut, resulting in oil storage crunch. Hence, the volatile prices of oil have raised the number of planned oil storage facilities globally, thus boosting the growth of the planned oil storage industry.
Moving further, the report sheds light on the planned oil storage terminals and analyzes them on the basis of region and country. The growth of the planned oil storage industry in Africa, Asia, Central America, Europe, the Middle East, North America, Oceania, South America, and the Caribbean has been analyzed in this study.
Capacity expansions, planned terminals, contracts, tenders, and recent developments taking place in the planned oil storage market within the above mentioned regions are also mentioned in this study. In addition, the crude oil storage capacity, petroleum products storage capacity, an outlook on the annual capital expenditure, and the number of planned crude oil storage terminals in these regions and countries have been presented.
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