From 1 to 5,000: Celebrating The Tank Tiger’s Milestone in Connecting Customers and Storage Facilities

June 20, 2024
Posted in Tank Blog
By Ernie Barsamian

To count from 1 to 5,000 would take you about twenty-three minutes. To connect 5,000 customers looking for storage with 5,000 storage facilities took The Tank Tiger a little over 9 years. We’re pleased to report that last week we reached that milestone and cemented the proof of concept that there is value in the terminal storage […]

Post Tagged with : Tank Storage

NY Harbor Shrinkage

June 13, 2024
Posted in Tank Blog
By Ernie Barsamian

When most people think about shrinkage, they think about George Costanza in the pool. However, there is a very serious shrinkage situation happening in the world of storage. Under the shadow of the lights of Yankee Stadium, slowly but surely, the amount of petroleum storage capacity that serves the NYMEX has been shrinking and the trend has […]

Post Tagged with : NY Harbor, NYMEX, oil storage

June 12, 2024
Posted in Podcasts
By Ernie Barsamian

Today’s Guest on Tank Talk is Jim Paladino at Perceptive Sensors. In this Episode, Jim explains the technology behind their product detecting sensors for the terminal industry.

Post Tagged with : Sensors, US Oil terminal

OPEC+ Extends Oil Production Cuts to 2025: What It Means for U.S. Producers and the Global Market

June 6, 2024
Posted in Tank Blog
By Ernie Barsamian

Before you could say Jack Robinson, the ministers of OPEC+ wrapped up their short “meeting” on Sunday with a yallah and a tayyib and, to the surprise of no one, agreed to continue its oil production cuts into the year 2025. There wasn’t even any time for dessert baklava. The next meeting isn’t until December, so there […]

Post Tagged with : Inflation, OPEC

May 20, 2024
Posted in Podcasts
By Ernie Barsamian

Our topic today is the role third party inspection companies play in the trade of oil & other commodities. Today’s Guest on Tank Talk is Steve Donovan at Amspec. In this Episode, Stevie D shares discusses his back story and many industry stories.

Post Tagged with : Oil Inspection

Unlocking the Hidden Value of Your Storage Lease: How The Tank Tiger Can Help You Strike Gold

May 17, 2024
Posted in Tank Blog
By Ernie Barsamian

You may be sitting on a gold mine. That’s right, if you have a term storage lease, it is quite possible that more value can be extracted from that lease if you turn around and sublease it to another party. Of course, you might think that even if you’re sitting on a gold mine, you still have […]

Post Tagged with : contango, crude storage price

From OPEC+ Lollipops to Market Haircuts: Navigating the Turbulent Waters of Oil Prices and Economic Signals

May 13, 2024
Posted in Tank Blog
By Ernie Barsamian

We could be going from the OPEC+ lollipop to a bad haircut. Oil prices suffered their greatest weekly loss in three months as concerns about stalled economic growth became more prominent. Compounding this concern was a large build in inventories combined with increasing US crude production. The EIA reported a 4% drop in gasoline demand year over year. We […]

Post Tagged with : Sunoco, Terminal Sale

Warm Trends, Cool Markets: A Week in Review – Distillate Contango in NY Harbor

May 3, 2024
Posted in Tank Blog
By Ernie Barsamian

Climate change. No matter what your scientific, political ,economic or superstitious position is on this topic, there’s no question that things are getting warmer. Now if you want to debate the cause and effect, that’s an equine of a variable hue. We might never really know what’s causing it to get warmer..… Well, my temperature’s rising, and my […]

Post Tagged with : contango, Diesel storage, NY Harbor

May 1, 2024
Posted in Podcasts
By Ernie Barsamian

Today’s Guest on Tank Talk is Carl Larry VP Energy Futures Clearing Sales at Marex. In this Episode, Carl shares his perceptions on the current oil markets, insights on inventories, and commodity Data.

Post Tagged with : WTI

Market Mayhem: Israel-Iran Sabre Rattling and Its Impact on Energy Prices

April 25, 2024
Posted in Tank Blog
By Ernie Barsamian

The energy markets had an itchy trigger finger as Israel and Iran heightened their sabre rattling that had initially stoked fears of a potentially massive escalation. Fortunately, the actual activity more resembled a scripted WWE match with telegraphed pulled punches and fake chair smashes across the head. The final retaliation by Israel was essentially a stern warning, with limited […]

Post Tagged with : S&P