Global Oil Storage Market: Exceeding Oil Production Driving Demand, Finds TMR
The global oil storage market is rather competitive among the top five players, who jointly held a share of more than 67.0% in 2014. These five players are Royal Vopak N.V., Buckeye Partners L.P., Oiltanking GmbH, Kinder Morgan Inc., and NuStar Energy L.P. The Transparency Market Research report suggests that this market is extremely capital driven and hence, the entrance of new players is highly unlikely during the forecast period of 2016–2024. Rising at a healthy CAGR of 4.73% by...
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