Under the terms of the contracts, BPGIC will provide oil storage at its Phase I facility for a total of one year consisting of initial six month periods, plus additional six-month renewal periods ...

Some countries, such as Russia and China, choose not to report their oil-storage levels. And traders and oil companies that park supertankers have no obligation to make public their supply.

People are probably a bit confused to see constant references to full storage tanks, and then data from the Energy Information refers to U.S. crude storage capacity utilization being less than 60% ...

Take an in-depth look at the manufacturing process of ultra-large oil storage tanks, built to handle massive volumes for industrial use. This video guides you through each step, from designing and ...

Crude storage tanks in the United States are nearly 65 percent full as record low oil prices and falling fuel demand caused by the coronavirus pandemic take their toll on the industry. After in ...

Pune, India, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The global oil storage terminal market is expected to rise during the forecast period owing to the rising demand for energy and increasing ...

BEIRUT (AP) — Lebanon has signed a deal with Russia’s largest oil company, Rosneft, to upgrade and operate storage installations in country’s northern city of Tripoli. Lebanon’s outgoing ...

Photo Illustration: Carlos Waters/WSJ Crude-oil storage is in high demand today amid a supply glut as the coronavirus pandemic depresses fuel consumption and the world runs out of space to hold ...

When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil storage became such a ...