Navigating the Energy Landscape in 2024: The Tank Tiger’s Guide to Storage Solutions and Market Insights
Happy New Year! Time to tie those shoelaces, straighten your backs and get back to business. If you’re like us, you’re extremely excited about the possibilities that the New Year will bring. To that end, if you have any storage ideas germinating, we’re here to assist you – at no charge. U.S. crude oil closed out the year more than 10% lower as the bears are doing their business in the woods, as the prevailing sentiment is that the market is oversupplied from record production outside OPEC. Within OPEC+, things aren’t much better. The sanctions against Russia have become about as effective as the “p” in pterodactyl. China and India, both of which have declined to condemn Russia or impose sanctions over the war, became the biggest buyers of Russian crude oil last year. WTI settled at $71.65 a barrel on Friday, with Brent weighing in at $77.04. Concerns for the regionalization of the Gaza strip fighting fostered some brief eruptions in crude prices, only to be tamped down again and again by the actual analysis of the supply and demand balance. Threats by OPEC+ to cut production are beginning to sound a lot like Charlie Brown’s teacher, and no one is paying attention anymore. For what it’s worth, The U.S. Energy Information Administration (EIA) predicts prices in 2024 for Brent crude will average $93 per barrel, up from an expected 2023 global average of $84 per barrel.
If you haven’t used The Tank Tiger’s service yet to locate terminal storage, what on earth are you waiting for? Our service is absolutely free and you can use us as often as you like. No request is too big or too small. As we enter our 9th year of doing business, do you know we’ve done 4789 storage deals (and counting). We’re willing to bet that you know someone who has used our service, so go ahead and ask them how we did. If you’re a storage terminal, and you know about tanks that are coming available in your system, we’d be happy to help you fill them up. Also, our online platform is free to use. It is a digital platform marketplace version of our business. Since launching it 2 years ago, we have 975 unique users and over 600 unique companies registered, some are the biggest companies in the world. Don’t be shy…it’s time to fly!
