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Texas Petroleum Terminals Prepare for Buildouts as Market Points to Shaky Recovery

Texas Petroleum Terminals Prepare for Buildouts as Market Points to Shaky Recovery

Texas Petroleum Terminals Prepare for Buildouts as Market Points to Shaky Recovery

Author: William Ploch | Published: March 23, 2021
Industry Segment: Terminals  |  Word Count: 816 Words
Attachment: US terminals 2Q21

SUGAR LAND--March 24, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Global oil markets are looking toward an uneasy recovery in demand. Consumption of gasoline, diesel and jet fuel are at their highest levels in more than a year, according to World Oil, and analysts believe the Biden administration's recently passed $1.9 trillion economic rescue package will drive consumer activity. But the road back to a pre-COVID-19 economy will be long and bumpy, which means oil suppliers in Texas--the busiest U.S. hotspot for the commodity--will need to be prepared for any sudden changes to the outlook. Industrial Info is tracking nearly $10 billion in active petroleum-related terminal projects in Texas.

Within this article: Details on some of the highest-valued petroleum-related terminal projects in Texas, including those from major companies such as Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET) and Magellan Midstream Partners LP (NYSE:MMP).

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