Oil companies continued to produce, and the resulting oversupply led to a surge in demand for third-party storage capacity. This led to high occupancy rates in the major hubs, putting a premium on ...

Oil Storage Fee Rental Market Dublin, Jan. 14, 2025 (GLOBE NEWSWIRE) -- The "Oil Storage Fee Rental Market Report and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering.

In the United States, finding sufficient crude oil storage became such a challenge that the West Texas Intermediate crude benchmark plummeted below zero on April 20, ending the day at -$37.63 per ...

The global oil storage market grew from $9.41 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The oil storage market is expected to grow to $11.94 billion ...

US-wide, oil storage capacity remains ample It is inaccurate to characterize that the storage capacity in the US, as a whole, is filling up fast, whatever may be the conditions at the Cushing hub.

A new method for enhanced oil recovery proposed by researchers at The University of Texas at Austin is showing promising ...

Despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel ...

Southeast Asia floating storage is getting worse, with offshore volumes reaching the highest level in at least 5 years and continuing to rise WoW. The growing glut suggests oil markets are not as ...

SINGAPORE—The historic fall in oil prices has created a pileup of inventories, much of it stashed in tanks in the U.S. and other industrialized countries that are committed to disclosing the ...

"Storage limitations point to a forced 10 million bpd cut in world oil production," they add. Even that may not be enough for a near-term stabilization of a market that's desperately hoping for a ...