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 […]
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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 […]
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 […]
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 […]
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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 […]
Acetone Storage Demand resurgence Recent data from The Tank Tiger’s Storage Demand Data indicates a notable uptick in Acetone/Solvents storage demand along the US Gulf Coast. This surge in demand is anticipated to substantially augment inventory levels within the region. As inventories accumulate, there’s a looming possibility of exerting pressure on domestic Acetone prices, […]
The energy markets were certainly roiled last week as it was made clear to the world that Iran would respond promptly to the April 1 Israeli airstrike to the Iranian consulate annex building adjacent to the Iranian embassy in Syria. As predicted, and announced, there was a large scale assault against Israel that emanated from Iranian […]
Image Source: FreeImages Introduction to Gulf oil terminals As someone involved in the oil industry, you understand the critical role that terminals play in the smooth functioning of oil operations. Gulf oil terminals, in particular, are known for their strategic locations and world-class facilities. These terminals serve as crucial hubs for the storage, transportation, and […]
Image Source: Unsplash ## Introduction to tank terminal storage and the issue of tank build-up Tank terminal storage plays a crucial role in various industries, such as oil and gas, chemicals, and agriculture. These facilities provide a safe and efficient way to store large quantities of liquids before they are transported to their intended destinations. […]
The total eclipse has come and gone. Joni Mitchell schooled us on clouds, many years ago, telling us we still don’t know clouds at all: But now they only block the sun, They rain and they snow on everyone, So many things I would have done, But clouds got in my way. But then again, it’s all about […]
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