Analyzing the global oil & gas storage industry 2012
Monday, Nov 19, 2012
Research and Markets (http://www.researchandmarkets.com/research/d8c7t5/analyzing_the) has announced the addition of the "Analyzing the Global Oil & Gas Storage Industry 2012" report to their offering.
“Analyzing the Global Oil & Gas Storage Industry 2012”
The global oil and gas storage industry is expected to experience growth in the coming future although the same cannot be said for all the markets worldwide. The current important trend in the oil and gas storage market is that as a result of increased logistics activity in the oil and gas sector due to increasing international and domestic trades, the demand for oil and gas storage capacity is witnessing a rise at the major global supply hubs. The trend is expected to continue, with the major terminal operators worldwide as the key beneficiaries. However, the supply chain operators which are relatively having less proximity from the main storage hubs are not expected to benefit substantially from the current scenario.
The global oil storage industry has seen strong growth due to the increase in oil prices over the last decade. However, oil prices have witnessed a sharp dip due to the global economic crisis. The decline in profit margins due to decreasing oil prices and highly inflated asset values will affect future storage dynamics. The existing storage terminal operators are already experiencing a severe reduction in fresh investments in the market. Regional tax policies are also likely to affect any storage investments. Therefore, new entrants into the storage industry will face tough market conditions due to low profit margins.
Source: Business Wire
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