Oil Storage Companies Witness an Unprecedented Capacity Demand without a Proportional Rise in Profits
Oil storage companies are seeing record demand for their storage facility services. Yet, they don’t seem to be making the cut as far as profits from their services are concerned. The record demand seems to be a case of oil companies simply storing their output in anticipation of suitable, upward revisions in the prices of crude oil and petroleum products. The prices, in turn, depend on increase in demand for crude oil and refined products. The uncertainty in the global economy coupled with credit crunch is adding to the dilemma faced by these companies.
GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world.
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