Crude Storage Capacity Rising, Yet Utilization Rates Still Continue to Climb

SUGAR LAND--September 29, 2016--Written by Andrea Moede for Industrial Info Resources (Sugar Land, Texas)--Crude oil storage is certainly one of the less flashy segments of the Oil & Gas Industry. It is at times like these, however, that it comes to the forefront. With oil production booming worldwide (in large part due to the emergence of shale drilling) and supply regularly outpacing demand, storage capacity for the surplus is in high demand.