Oil Storage Market – Global Study, Operations, Area of Impact, Forecast from 2017 - 2025
The volume of oil produced exceeds the demand from end users, which has enforced producers to enhance their storage capabilities. Huge storage capabilities offer an advantage of protection against short-term supply fluctuations. Emerging economies adopt strategy of storage for minimization of the price inconsistency and ensure continuous supply to end user industries. Oil storage system manufacturers focus on regulations of governments and regulatory bodies for compliance and prevent leakage in huge storage tanks.
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