ARA Tankopslag markt

ARA Tank Terminal Market Outlook

15 december 2016 

Curious about a mid-term and long-term outlook of the ARA tank storage sector? Download your copy of Patrick Kulsen’s view on the outlook of the ARA TT market that he presented during Platt’s 9th European Oil Storage Conference in Amsterdam. Just fill in your contact-details below.

Main themes that are currently driving TT dynamics

  • Low oil price regime
  • Shape of forward curve
  • Northwest European refinery output
 X

As from 3Q14 crude oil prices fell from an average price per barrel of $100/bbl to a price range of $30-60/bbl in 1Q15 and onwards. During that oil price regime switch, another phenomenon occured and that was the change of the shape of the forward curve from backwardation to contango which represents anticipated oversupply.

Lower crude prices resulted in an improvement of the region’s refinery sector’s margins. This boosted production and led to more Northwest European refinery output. Product inventories in the region rose as applied for regional imbalances. These factors (growing production, increasing demand and larger regional imbalances) resulted in more trading and thus more demand for tank storage capacity.

The shape of oil products forward curve stimulated so called ‘contango storage plays‘ which handed market players opportunities to profit from storing oil products now and deliver in a later stage. This market situation acted as catalyst to store oil products. More demand for tank storage capacity supported tank storage rates in the region.

PJK International has revised its yearly outlook on the ARA tank terminal sector. In this edition, also a medium and long term outlook are presented. Interested in purchasing this report, follow this link or call us (+31-76-7676326).

Download presentation ARA TT Market Outlook


 

TSM: The Dynamic Storage Sector

27 februari 2017 

 

Global oil markets are changing rapidly. Markets are specifically dynamic for European players where competitive pressures are highest. In what way will tank storage markets in the ARA region be influenced? How will profitability be impacted for tank terminals operating in the petrol, middle distillates and fuel oil segments?

Read PJK International’s contribution for Tank Storage Magazine. Just fill in your name and your e-mail address below. When this article has caught your attention and you would like to acquire more information on ARA tank storage markets, read our ARA tank terminal study.

TSM: The Dynamic Storage Sector


How can Tank Terminal Companies make any profits?

1 januari 2016 

PJK International has made a detailed study of the ARA Tank Terminal Market. It focuses on the central issue of profitability for storage companies in the ARA-region.

This FREE eBook gives an outline of the study for promotional purposes. The integral study became available at the end of February 2014 and has been updated till April 2015. With this study market participants are able to make more justified strategic and commercial decisions and as a result gain an advantage over competitors.

This eBook covers among others the following themes:

  • European Refining Dynamics
  • Russian & Far East fuel oil flow
  • US Refining Renaissance
  • Tank Storage Capacity Developments
  • Storage Rates

How can Tank Terminal Companies make any profits?


TSM: Current Contango Future Predictions

1 maart 2015 

The recent slide in oil prices has turned the petroleum industry upside down. Global oil markets became oversupplied in the course of 2014 due to the steady increase of US light tight oil (LTO) output and the economic slowdown in many economic regions worldwide.

With OPEC choosing to defend market share instead of balancing markets this situation persisted. The result has been a fall in oil prices of 61% between July 2014 and mid-January 2015.

Because of oversupply generally speaking the oil price forward curve has switched from backwardation into contango, which makes access to storage infrastructure profitable for physical oil traders.

TSM: Current Contango Future Predictions


Impact on Marine Fuel Consumption

14 januari 2015 

Fuel oil demand is set to drop this year, but what does this mean to terminal operators? In January 2015 new legislation will come into effect which will restrict fuel oil consumption in Emission Control Areas (ECA) for marine vessels.

This article explores the likely impact of this piece of legislation and expected future environmental legislation on fuel oil consumption, trade flows and storage markets.


TSM: More Pain to Come

1 september 2014 

Negative demand factors and overinvestment in ARA tank storage markets have put storage rates under pressure in more or less all oil product segments. The baseline outlook is that demand will further weaken, keep storage – and occupancy rates and as a result profitability of the ARA tank storage market under pressure

Learn more about the global supply and demand drivers that influence ARA tank storage markets.

TSM: More Pain to Come


TSM: Oil Futures Forward Curves

1 mei 2012 

This article contains information about current market fundamentals and their link to oil futures forward curves. Forward curves and demand for tank storage capacity are indisputably linked.

Commodities like oil are different from other asset classes in the sense that an embedded timing option is present in storable commodities. Oil product forward curves are the thing to watch when you are interested in tank storage and inventories.

TSM: Oil Futures Forward Curves


TSM: Forward Curve in Oil Markets

1 januari 2011 

Forward curves in oil futures markets are extremely important to storage players. In Tank Storage Magazine, PJK International defines the general characteristics of the term structure of oil futures and links these with market fundamentals. The shape of the forward curve drives demand for storage capacity to a great extent.

Because of the strong relationship between forward curves and the storage business, it is extremely important to monitor and anticipate the shape of forward curves. Nevertheless, few fully understand the mechanics that drive forward curves.

TSM: Forward Curve in Oil Markets


Contact us




Fields with * are required