The independent tankstorage market in the ARA region is an essential part in the international oil and gas value chain. Products that are being stored are amongst others crude oil, oil products, chemical products and biofuels. The tank terminal companies are considered ‘independent’ as they do not physically own the product. These companies rent out tank capacity and complementary services to parties that do not own assets or have a lack of storage capacity. Recently there has been a period which has shown heavy investments in the expansion of tank storage capacity. Currently there seems to be a period of stabilisation and consolidation.
Every week on Thursday afternoon (16:15CET) PJK International releases its ARA oil product levels report. For parties like oil companies, oil traders and financial institutions this is fundamental data to analyze supply and demand and forecast future trends.
Read more on demand and supply drivers that influence the ARA tankstorage market or other articles regarding the tankstorage markets in our Knowledge Center.