NavigatIIR: Industrial Info Tracks $6 Billion Worth of Under-Construction Oil Storage/Terminals Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--Global oil storage has grabbed the public spotlight. Falling fuel consumption due to COVID-19 lockdowns, compounded by a recent price war between Saudi Arabia and Russia, has led to a massive buildup in crude inventories, sparking questions regarding how much unused storage capacity is left.

New storage capacity in the near future would certainly help. Industrial Info is tracking nearly 36 million barrels of new storage capacity worldwide that is planned to be placed in service from April through June.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.