Our Guest today on Tank Talk is Darius Sweet, current Chairman of the Board at GTI Statia. A career spanning over 30 plus years in the oil Industry and a former CEO, Darius recounts his impressive career and sheds light on the current landscape of the industry in this episode .
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Last week The Tank Tiger fielded a cornucopia of storage inquiries including Veg Oil, Distillate, fuel oil, Surfactant, Polyol, Clean Products and Marine Gas Oil. We’re pleased to say that we were able to hook up most of these inquiries for a potential storage deal with our terrific terminal operators. We’d like to think that no one […]
Read moreToday’s Guest on Tank Talk is Jim Mitchell at Wood Mackenzie. Jim shares his perspective on the current oil market landscape. The episode covers the Transmountain Pipeline affect, Inventories, US Crude Exports, and much more.
As of today, July 24, 2024, the price of West Texas Intermediate (WTI) crude oil is experiencing a moderate increase. The current spot price is approximately $81.25 per barrel, down slightly by 0.22% from the previous day but up by 5.44% from the same time last year. This slight decline comes after a bullish report […]
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The 2017 change in corporate tax rates from 35 to 21 percent had a direct effect on the ownership of midstream assets. The Master Limited Partnership (MLP) structure no longer had the same competitive advantage when it came down to minimizing taxable earnings. As a result, some assets that were once deemed core and strategic to some […]
Last week saw headline prices declining during the month for the first time in four years. Along with it, annual inflation fell below 3% for the first time in a year. Core inflation was better than forecast, coming in at 3.3% which was the lowest in three years. Supporting this positive economic news was the fact that there […]
How can some people say our economy is doing great while others say that it’s a disaster? How can something so simple be so paradoxical? Of course, we’re all entitled to our own opinions, but no one is entitled to their own facts. The jobless rate has now been at or below 4% for over 2 years, a streak […]
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Who let the bulls out? Woof woof. The days are getting shorter, but things aren’t getting any cooler – in our atmosphere or in the energy markets. For the week, both crude benchmarks were up about 3% after gaining about 4% last week. Brent ended the week at $85.24 a barrel and WTI crude settled at $80.73, gaining back […]
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 […]
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 […]
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