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Oil Storage Companies Witness an Unprecedented Capacity Demand without a Proportional Rise in Profits - Product Image

Oil Storage Companies Witness an Unprecedented Capacity Demand without a Proportional Rise in Profits

  • Published: February 2009
  • 18 pages
  • GlobalData

Oil Storage Companies Witness an Unprecedented Capacity Demand without a Proportional Rise in Profits

Summary

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.

Scope

Scope

- Our 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 Our views of various developments that have been taking place in the oil and gas industry across the world.

Reasons to Buy

- Develop business strategies with the help of specific insights on the key events happening in the oil and gas industry.
- Gain a strong understanding READ MORE >

1 2
1.1 List of Tables 4
1.2 List of Figures 5
2 Viewpoint 6
2.1 Summary 6
3 Oil Storage Companies Witness an Unprecedented Capacity Demand without a Proportional Rise in Profits 7
3.1 Low Oil and Refined Products Demand and Reduced Prices are Upping the Ante of Oil Storage 7
3.2 Global Oil and Petroleum Products Storage Industry is Set to Grow between 2008 and 2013 7
3.3 Rationale behind Minimal Profit Growth of Oil Storage Companies amidst High Storage Demand and Capacity Growth 8
3.4 Conclusion 9
4 Recent Developments 10
4.1 Oct 17, 2008: CNOOC Wins NDRC Approval To Construct Oil Terminal In Huizhou 10
4.2 Jan 23, 2009: Petrobras Unveils New Business Plan For 2009-2013 10
4.3 Sep 10, 2008: Total To Spend EUR5.5 Billion To Expand Its R&D Program 13
4.4 Aug 15, 2008: ONGC To Set Up Facility At Rajahmundry In Andhra Pradesh, India 13
4.5 Dec 16, 2008: Jacobs Secures Contract From The Port Of Houston Authority 13
4.6 Dec 03, 2008: Ramboll Secures Contract From Doha For Qatari Oil Terminal 14
4.7 Sep 26, 2008: Vitol Signs Agreement With Seaport World To Build Storage Terminal 14
4.8 Aug 13, 2008: LOH Wins $300 Million Pipeline Contract In Democratic Republic Of Congo 15
5 Appendix 16
5.1 Methodology 16
5.1.1 Coverage 16
5.1.2 Secondary Research 17
5.1.3 Primary Research 17
5.1.4 Expert Panel Validation 18
5.2 Contact Us 18
5.3 About Us 18
5.4 Disclaimer 18

Executive Summary

1.1 List of Tables
Table 1: Global Oil and Petroleum Products Storage Capacity (Thousand M3), Region-wise, 2005-2013 8

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