July 3, 2017 [TankTerminals.com] - Market Brief: The results of the low oil prices and backwardation. New Tank Storage Opportunities: Russia, Ukraine, Italy and Albany.
Petroleum Market
The low oil prices and negative forward pricing (backwardation) have resulted in low stocks on many petroleum products. Consequently, many tank leases could be ended since the tank rental charges are higher than the advantages of storing product and selling later.
Tank storage agreements don’t tend to be so flexible and sublease opportunities are widely available. Most terminal operators are open to an alternative customer as long their income isn’t jeopardized.
Other terminal operators are very strict and hold their customers to their agreements. An approach which isn’t favorable for the long-term relationship and asks for creative solutions to bypass those terminals.
The steady exports of gasoline from Europe to the States have slowed substantially this year as tanks filled in the world’s largest consumer nation and demand slowed.
| Tank Storage Availability Worldwide | ||||
| Capacity (m3) | Product | Location | Available from | Enquire for Storage |
|---|---|---|---|---|
| New | ||||
| 15,000 | Vegoil / Diesel (no heating) | NE Italy | Now | Click here |
| 22,000 | Vegoil / Diesel (no heating) | Albania | Now | Click here |
| 10,000 | Gasoline | Albania | Now | Click here |
| 12,000 | Fuel oil (heating) | Ukraine, Danube | Aug, 2017 | Click here |
| 5,000 | Base oils / Easy chems | SW Russia | Now | Click here |
| Belgium – The Netherlands | ||||
| 1,860 | Chems, low flash | Antwerp | Now | Click here |
| 15,000 | Chemicals | Antwerp | Now | Click here |
| 65-110,000 | Diesel / Gasoil | Antwerp | Now | Click here |
| 7-70,000 | Fuel oil | Antwerp | Now | Click here |
| 25 – 82,000 | Naphtha / Gasoline / Kerosene | Antwerp | Now | Click here |
| 50 – 150,000 | Naphtha/gasoline/kerosene | Belgium | Mid 2017 | Click here |
| 30,000 | Diesel / Chemicals | Belgium | Now | Click here |
| 3,700 | Diesel / Gas oil | Belgium | Now | Click here |
| 15,000 | Diesel / Gasoil | Belgium | Now | Click here |
| 1,000 | Chems / Low flash | Belgium | Now | Click here |
| 5,000 | Chems no heat | Belgium | Now | Click here |
| 60,000 | Diesel | Rotterdam | Now | Click here |
| 200,000 | Fuel oil | Rotterdam | Now | Click here |
| 5,000 | Chems | Rotterdam | Now | Click here |
| 150,000 | Petroleum / Low flash / Gasoline / Light ends | Rotterdam | Mid 2017 | Click here |
| 21,600 | Vegoils/chems | Rotterdam | Now | Click here |
| 5,000 | Chems, s/s heated | Rotterdam | Now | Click here |
| 1,800 | Easy chems | Rotterdam | Now | Click here |
| 8,500 | Vegoil (no heat) | Rotterdam | Now | Click here |
| 65,000 | Fuel oil (ULSFO) | Rotterdam | Now | Click here |
| 110,000 | Fuel oil / VGO | Amsterdam | Now | Click here |
| 80,000 | Fuel oil | Amsterdam | Now / For sale | Click here |
| 14,000 | LPG | Netherlands | Jan, 2018 | Click here |
| 22,500 | Gasoline | Netherlands | Jan, 2018 | Click here |
| 95,000 | Gasoline | Netherlands | Now | Click here |
| 4,340 | Chems | Netherlands | Now | Click here |
| 7,000 | Bitumen / high flash BPP | Netherlands | Now | Click here |
| 5,900 | Petroleum / Chems (high flash >55c) | Netherlands | Now | Click here |
| 2,700 | Vegoil, gmp+/haccp, s/s | Netherlands | Now | Click here |
| 2,000 | Vegoil, easy prods | Netherlands | Now | Click here |
| 5,000 | Benzene | Netherlands | Now | Click here |
| 400 | Products >100c, heating | Netherlands | Now | Click here |
| North Europe | ||||
| 2,487 | Diesel | Germany, River Rhine | Now | Click here |
| 2,000 | Prods FP>60c | Germany, River Rhine | 2 months notice | Click here |
| 2,000 | Chems/prods, m/s | Germany, River Rhine | Now | Click here |
| 34,000 | Light ends / diesel | North France | Now | Click here |
| 2,000 | Vegoil / easy prod / marine fuels | West Coast UK | Now | Click here |
| 8,000 | Chems/prods/veg/fuel oil/naphtha | West Coast UK | Now | Click here |
| 6,000 | Rubber lined tank | West Coast UK | Now | Click here |
| 28,000 | Various prods | East Coast UK | Now | Click here |
| 24,000 | Diesel / Naphtha | East Coast UK | Now | Click here |
| 4,000 | Vegoil / easy chems | East Coast UK | Now | Click here |
| 10,000 | Diesel / Gasoil | North UK | Now | Click here |
| 30,000 | CPP | North UK | Now | Click here |
| 10,000 | MGO / IFO | East Coast Scotland | Aug, 2017 | Click here |
| 2,200 | Low flash | Denmark | Now | Click here |
| 10,000 | Fishoil / chems | Denmark | Now | Click here |
| 90,000 | Gasoline/gasoil/jet/light crude | Norway | end Sept, 2017 | Click here |
| 412,500 | Heavy Fuel oil / VGO (caverns) | Sweden | Now | Click here |
| 106,000 | Distillates / Gasoil (caverns) | Sweden | Now | Click here |
| 408,000 | Diesel (caverns) | Sweden | 1 month notice | Click here |
| 24,000 | Distillates | Finland, Kemi | Now | Click here |
| 6,300 | Distillates (no heating) | South Finland | Now | Click here |
| 9,250 | Fuel oil | Estonia | Now | Click here |
| 12,500 | Methanol | Estonia | Now | Click here |
| 23,500 | Naphtha / Gasoline / Kerosene | Latvia | Now | Click here |
| 20,000 | Methanol | Latvia | Now | Click here |
| South Europe & Mediterranean | ||||
| 10,000 | CPP FP<60, no heating | Malta | Now | Click here |
| 17,700 | Clean prod, chemicals | Portugal | Now | Click here |
| 9,700 | Clean prod, chems, no heating | NW Spain | Now | Click here |
| 4,500 | Chemicals, s/s | NW Spain | Now | Click here |
| 35,000 | Heated tanks | NW Spain | Aug, 2017 | Click here |
| 20,000 | Veg oil / fertilizers / easy prods | South Spain | Now | Click here |
| 22,000 | Chems/veg oils/easy prods | South Spain | Now | Click here |
| 25,000 | Fuel oil/ VGO | South Spain | Jan, 2018 | Click here |
| 27,500 | Bio Diesel / Various | South Spain | Now | Click here |
| 6,000 | Chemicals m/s | NE Spain | Now | Click here |
| 7,500 | Chems, heated | NE Spain | Now | Click here |
| 2,000 | Easy Chems | NW France | Now | Click here |
| 5,000 | Chems | North France – inland | Now | Click here |
| 1,500 | Chems | South France – inland | Now | Click here |
| 8,000 | Easy chems, products | South France | Now | Click here |
| 22,000 | Biofuels / Veg oils | South France | Now | Click here |
| 10,000 | Chems / petroleum prods | Croatia | Now | Click here |
| 89,000 | Fuel oil / crude | NE Italy | 3 months notice | Click here |
| 20,000 | Diesel | NW Italy | Now | Click here |
| 13,000 | Chemicals | NW Italy | Now | Click here |
| 10-15,000 | Gasoil | NW Italy | Now | Click here |
| 32,000 | Diesel / CPP | North Turkey | Now | Click here |
| 15,000 | Low flash / Chems / Methanol | Turkey | Now | Click here |
| 23,000 | Chems / Petroleum | Turkey | Now | Click here |
| 50,000 | Diesel / Gasoil | Turkey | Now | Click here |
| 100,000 | DPP / Black prods | South Turkey | Now | Click here |
| 52,000 | Diesel / Gasoil | South Turkey | Now | Click here |
| 70,000 | Fuel oil, heating | South Turkey | Now | Click here |
| 70,000 | Diesel / Gasoil | South Turkey | Now | Click here |
| 20,000 | CPP | Georgia | Now | Click here |
| 200,000 | Crude / DPP | Georgia | Now | Click here |
| 33,000 | DPP / Black Prods | Ukraine, Danube | Now | Click here |
| 30,000 | CPP | Ukraine, Danube | Now | Click here |
| 5,000 | Vegoils / Chems | Ukraine, Black Sea | July, 2017 | Click here |
| 12,000 | Veg oil/biodiesel | Illichevsk | Now | Click here |
| 20,000 | Methanol | SW Russia | Now | Click here |
| Africa | ||||
| 14,200 | Chems, excl. acids | Egypt | Now | Click here |
| 55,000 | Diesel / gasoline | Ghana | Sept, 2017 | Click here |
| Middle East | ||||
| 35,000 | Chemicals / Petrochemicals | West India | Now | Click here |
| 100,000 | Various products/tank sizes | Gujarat, India | Now | Click here |
| 60,000 | Gasoil/various | Gujarat, India | Now | Click here |
| 14,200 | Veg oil/ easy chems / cpp | Gujarat, India | Now | Click here |
| 30,000 | Chems/ Ethanol | Gujarat, India | Now | Click here |
| 40,000 | Gas oil / various | Gujarat, India | Now | Click here |
| 160,000 | Gasoil / fuel oil | UAE | Now | Click here |
| 153,000 | Gasoil | UAE | Now | Click here |
| 193,000 | Fuel oil / gasoil | UAE | Now | Click here |
| 129,200 | Fuel oil / gasoil | UAE | Now | Click here |
| 70,000 | Fuel oil / gasoil | UAE | Now | Click here |
| 60,000 | Fuel oil | UAE | Now | Click here |
| 90,000 | Fuel oil | UAE | Now | Click here |
| 20,000 – 100,000 | Gasoil | UAE | Now | Click here |
| 88,000 | Gasoline | UAE | Now | Click here |
| 142,000 | Gasoline | UAE | Aug, 2017 | Click here |
| 15,482 | Base oils / easy chems | UAE | Now | Click here |
| 18,400 | Base oil / bitumen / fuel oil | UAE | Now | Click here |
| 6,240 | Base oil | UAE | Now | Click here |
| 60,000 | Diesel / base oil | UAE | Now | Click here |
| 18,000 | Chemicals, Petrochemicals (IFR tanks) | UAE | Now | Click here |
| 20,000 | Fuel oil / gasoil / naphtha | UAE | Now | Click here |
| 220,000 | CPP / gasoline / diesel | UAE | Now | Click here |
| 3,300 | Clean prods/low flash chems | Saudi Arabia | Now | Click here |
| 12,000 | Ethanol | Oman | Now | Click here |
| Far East | ||||
| 250,000 | Fuel oils | North China | Now | Click here |
| 5,000 | Chemicals | North China | Now | Click here |
| 200,000 | Crude (heating/jetty 300k DWT) | Shandong | Now | Click here |
| 250,000 | Crude (heating/jetty 120k DWT) | East China | Now | Click here |
| 120,000 | Clean petroleum prods | Yangtze River/East China | Now | Click here |
| 10,000 | Chemicals | Yangtze River | Now | Click here |
| 2,500 | Chemicals (s/s, heating, n2) | Yangtze River | Now | Click here |
| 250,000 | Fuel oil | Greater Ningbo | Now | Click here |
| 10,000 | Chemicals | Ningbo | Now | Click here |
| 80,000 | Clean petroleum prods | South China | Now | Click here |
| 8,000 | Chemicals | South China | Now | Click here |
| 5,300 | Chems / Ethanol | South Korea | Now | Click here |
| 6,600 | Chems / Ethanol | South Korea | Now | Click here |
| 6,600 | Chems / Ethanol | South Korea | Now | Click here |
| 2,500 | Light ends (no heating) | South Korea | Now | Click here |
| 38,000 | CPP / Gasoline / Diesel / Jet | South Korea | Now | Click here |
| 38,000 | CPP / Gasoline / Diesel / Jet | South Korea | Now | Click here |
| 50,000 | CPP / Gasoline / Diesel / Jet | South Korea | Sept, 2017 | Click here |
| 148,000 | CPP / Gasoline / Diesel / Jet | South Korea | Oct, 2017 | Click here |
| 80,000 | Fuel oil | Singapore | Now | Click here |
| 10,000 | CPP / Gasoline / Diesel / Jet | Singapore | Now | Click here |
| 150,000 | Gasoline / Gasoil/ Fuel oil / Light Crude | Straits | Now | Click here |
| 200,000 | Fuel oil | Straits | Now | Click here |
| North America | ||||
| 20,000 bbl | Bio diesel | California USA | Now | Click here |
| 24,000 bbl | Easy chems/veg oils | Ohio USA | Now | Click here |
| 35,000 bbl | Easy chems/veg oils | Pennsylvania USA | Now | Click here |
| 25,000 bbl | Chems | Pennsylvania USA | Now | Click here |
| 1,745,000 bbl | Light crude / Heavy oil | New York USA | Now | Click here |
| 50,000 bbl | Chems | New Jersey USA | Now | Click here |
| 24,000 bbl | Easy chems/veg oils | Maryland USA | Now | Click here |
| 100,000 bbl | Chemicals / Clean prod | South Carolina USA | Now | Click here |
| 100,000 bbl | Chemicals / Clean prod | South Carolina USA | Now | Click here |
| 24,000 bbl | Gas oil / various | Georgia USA | Now | Click here |
| 290,000 bbl | Gas oil / various | Georgia USA | Sept, 2017 | Click here |
| 235,000 bbl | Gas oil / various | Georgia USA | Oct, 2017 | Click here |
| 289,000 bbl | Easy chems/veg oils | Georgia USA | Now | Click here |
| 20,000 bbl | Easy chems/veg oils | Florida USA | Now | Click here |
| 63,800 bbl | CCP / chems | Louisiana USA | Now | Click here |
| 45,000 bbl | CCP / chems | Louisiana USA | Now | Click here |
| 100,000 bbl | Chemicals / Black oils | Louisiana USA | Now | Click here |
| 110,000 bbl | Chemicals / CPP (IFR tanks) | Louisiana USA | Aug, 2017 | Click here |
| 220,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 180,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 66,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 43,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 100,000 bbl | Gasoil / Various | Texas USA | Now | Click here |
| Central & South America | ||||
| 210-500,000 bbl | Gasoline / crude | Colombia (Caribbean) | Now | Click here |
| 53,000 bbl | Gasoil / Gasoline | Colombia (Caribbean) | Now | Click here |
| 145,000 bbl | Fuel oil | Panama (Atlantic) | Now | Click here |
| 35,000 bbl | Fuel oil | Panama (Balbao) | end July, 2017 | Click here |
| 5,000 | Veg oil/ easy chems / cpp | Argentina | Now | Click here |
| 3,750 | Veg oil/ easy chems / cpp | Argentina | Now | Click here |
| 1,600 | Fuel oil | Argentina | Now | Click here |
