Stocks of crude oil in the United States decreased by 3.86million barrels in the week ending July 11 of 2025. This dataset provides the latest reported value for - United States Crude Oil Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Learn about crude oil inventory and its impact on oil prices. The U.S. Energy Information Administration (EIA) is responsible for monitoring and reporting crude oil inventory data in the United States. Find out how this data is collected and its significance in understanding supply and demand dynamics in the oil market. Discover how the EIA's weekly and monthly reports influence oil markets and help market participants make informed decisions.

The US Oil Inventory Report, also known as the Weekly Petroleum Status Report, provides crucial information on the current level of crude oil and petroleum product inventories in the United States. Traders, investors, and analysts closely monitor this report to gain insights into supply and demand trends in the oil market.

API Crude Oil Stock Change in the United States increased to 7.10 BBL/1Million in July 4 from 0.68 BBL/1Million in the previous week. This dataset provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Market Overview The global crude oil storage tank market is projected to reach USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). The growing demand for crude oil and the need for efficient storage solutions are fueling the market expansion. The increasing adoption of double-wall storage tanks, which provide enhanced safety and environmental protection, is also contributing to the growth. Key Market Dynamics The primary drivers of the crude oil storage tank market include the increasing global demand for crude oil, the need for reliable storage infrastructure, and stringent safety regulations. The rising consumption of petroleum products, particularly in developing economies, is driving the demand for storage facilities. Additionally, the need to meet environmental standards and minimize risks associated with oil spills is leading to the adoption of double-wall storage tanks. Restraints include the high cost of construction and the limited availability of suitable land for new storage facilities. The key market segments include application (ports, oil refineries, others) and type (single-wall, double-wall). North America and Asia Pacific are expected to be the largest markets, driven by the high demand for crude oil and significant refining capacity in these regions.

The report covers Global Oil Storage Companies and the market is segmented by Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa)

United States WS: PADD 3: Net Stocks Percent of Working Storage Capacity data was reported at 0.440 % in 09 Feb 2024. This records an increase from the previous number of 0.420 % for 02 Feb 2024. United States WS: PADD 3: Net Stocks Percent of Working Storage Capacity data is updated weekly, averaging 0.444 % from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 0.643 % in 03 Jul 2020 and a record low of 0.372 % in 07 Jan 2022. United States WS: PADD 3: Net Stocks Percent of Working Storage Capacity data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

Crude Oil Storage Market Outlook

The global crude oil storage market size was valued at approximately USD 15.3 billion in 2023 and is projected to reach around USD 26.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth can be attributed to several factors, including increasing global oil production, strategic petroleum reserves by governments, and rising demand for energy security.

One of the primary growth factors for the crude oil storage market is the rising global production of crude oil, driven by technological advancements in extraction techniques. Hydraulic fracturing and horizontal drilling have significantly increased the production of unconventional oil and gas resources, particularly in North America. This has, in turn, necessitated the expansion of storage facilities to manage and store the excess production. Additionally, investments in oil exploration and production activities in emerging markets are further propelling the demand for crude oil storage solutions.

Another key driver for the market is the strategic petroleum reserves maintained by various governments worldwide. These reserves are essential for national security and energy independence, providing a buffer against potential supply disruptions. Countries such as the United States, China, and India have been actively expanding their strategic reserves, thereby stimulating the need for additional storage infrastructure. Furthermore, geopolitical tensions and economic uncertainties amplify the importance of maintaining substantial oil reserves, thus contributing to market growth.

In addition to the aforementioned factors, the rising demand for energy security is a significant growth driver for the crude oil storage market. With the global economy heavily reliant on oil, ensuring a stable supply chain is crucial. This has led to an increase in the construction of both commercial and strategic storage facilities to safeguard against supply interruptions and price volatility. The growing emphasis on energy security is particularly evident in regions prone to geopolitical instability or natural disasters.

From a regional perspective, the Asia Pacific region is anticipated to experience substantial growth in the crude oil storage market. This growth is driven by rapid industrialization, urbanization, and increasing energy consumption in countries such as China and India. Additionally, the Middle East & Africa region, being a major oil-producing hub, is also expected to witness significant investments in storage infrastructure to manage their substantial crude oil output and maintain market stability.

Type Analysis

The crude oil storage market is segmented by type into floating roof tanks, fixed roof tanks, bullet tanks, spherical tanks, and others. Floating roof tanks are widely used for the storage of large quantities of crude oil. These tanks are designed to minimize vapor loss and reduce the risk of fires, making them particularly suitable for storing volatile petroleum products. The adoption of floating roof tanks is driven by their relatively low cost and operational efficiency, which makes them a preferred choice in many storage facilities globally.

Fixed roof tanks, on the other hand, are commonly used for storing less volatile substances and are particularly suitable for smaller storage needs. These tanks offer the advantage of simplicity in design and operation, which makes them a cost-effective solution for many storage applications. However, issues such as vapor losses can be a significant drawback, which can impact their adoption in certain scenarios. Despite these limitations, fixed roof tanks remain a popular choice for various industrial and commercial applications.

Bullet tanks and spherical tanks are specialized types of storage facilities typically used for the storage of gases and other pressurized liquids. Bullet tanks are elongated, cylindrical storage tanks that are particularly useful for storing low vapor pressure liquids. Spherical tanks, also known as Horton spheres, are spherical in shape and designed to store liquids and gases at high pressures. These tanks are usually constructed from robust materials to withstand high pressures and are often used in petrochemical and refining industries.

Other types of crude oil storage solutions include underground storage facilities and strategic reserves, which are designed for long-term storage. Underground storage offers the advantage of reduced environmental impact and enhanced sa

The global crude oil storage market is experiencing robust growth, driven by increasing global oil production and consumption, coupled with the need for strategic reserves to ensure energy security. The market is segmented by application (military and civil) and type of tank (non-metallic and metallic), with metallic tanks currently dominating due to their durability and higher storage capacity. However, the non-metallic tank segment is expected to witness significant growth over the forecast period (2025-2033) due to increasing demand for lightweight, cost-effective solutions and advancements in material science leading to improved durability and resistance to corrosion. The market is geographically diverse, with North America and the Asia-Pacific region currently holding significant market share, driven by large-scale oil production and refining activities in these regions. Growth in emerging economies, particularly in Asia, is expected to further fuel demand. Stringent environmental regulations regarding oil spill prevention and containment are also acting as a significant driver, pushing adoption of advanced storage technologies and safety measures. Despite the positive growth outlook, several factors could restrain market growth. These include fluctuating oil prices, which can impact investment decisions, and the geopolitical instability in key oil-producing regions. Furthermore, the high initial investment cost associated with setting up large-scale storage facilities can deter smaller players. However, the long-term benefits of ensuring energy security and mitigating the risk of supply disruptions are likely to outweigh these challenges, driving sustained growth in the market. Technological advancements in areas like leak detection systems and remote monitoring are likely to become increasingly important, leading to more efficient and safer storage solutions. Competition among established players and new entrants will likely intensify, driving innovation and creating opportunities for market consolidation. The increasing adoption of automation and digitalization in the oil and gas sector also presents significant opportunities for integration with crude oil storage management systems.

Crude Oil Storage Tank Market Outlook

The crude oil storage tank market size is projected to grow from $4.5 billion in 2023 to an estimated $7.2 billion by 2032, driven by a compound annual growth rate (CAGR) of 5.5%. The growth of the market is primarily fueled by the rising demand for crude oil and petroleum products globally, alongside increasing investments in oil exploration activities and strategic reserves. The expansion and upgrading of refinery capacities in emerging markets further accentuate the need for efficient and technologically advanced storage solutions, contributing significantly to market growth.

The burgeoning global population and rapid industrialization in developing countries are key growth factors for the crude oil storage tank market. As nations strive to meet their energy requirements, the demand for crude oil and its derivatives continues to soar. This necessitates the expansion of storage capacities to ensure a steady supply of crude oil, thereby propelling the market forward. Moreover, geopolitical factors and the strategic importance of maintaining substantial oil reserves to cushion against supply disruptions are compelling governments to invest heavily in the construction and maintenance of crude oil storage tanks.

Technological advancements in storage tank design and materials are also bolstering market growth. Innovations such as the development of advanced corrosion-resistant materials and enhanced safety features are making storage tanks more reliable and efficient. These advancements reduce maintenance costs and enhance the longevity of the storage facilities, thereby attracting investments from oil companies and strategic reserve managers. Furthermore, the integration of digital technologies like IoT and AI for real-time monitoring and management of storage tanks is revolutionizing the industry, ensuring operational efficiency and safety.

Environmental regulations and the increasing focus on sustainability are another pivotal growth driver for the crude oil storage tank market. Governments worldwide are imposing stringent regulations on the oil and gas industry to minimize environmental impact and ensure safe storage practices. Compliance with these regulations requires the adoption of advanced storage solutions that mitigate risks of leaks and spills. Additionally, initiatives to upgrade existing storage infrastructure to more environmentally friendly and safer alternatives are further stimulating market growth.

Petroleum Storage Terminals play a crucial role in the logistics and supply chain of crude oil and petroleum products. These terminals serve as key nodes for the storage, blending, and distribution of oil, ensuring that the supply meets the fluctuating demands of the market. As the global demand for energy continues to rise, the strategic placement and capacity of Petroleum Storage Terminals become increasingly important. They not only facilitate the efficient movement of oil but also provide a buffer against market volatility and supply disruptions. The development of new terminals and the expansion of existing ones are driven by the need for enhanced storage capabilities, technological advancements, and compliance with environmental regulations. This growth is particularly evident in regions with burgeoning industrial activities and strategic reserves, where the demand for robust and reliable storage infrastructure is paramount.

Regionally, the Asia Pacific is poised to be a significant contributor to the market's growth. The region's rapid industrialization, urbanization, and growing automotive sector are driving the demand for crude oil and its storage solutions. Countries like China and India are making substantial investments in expanding their crude oil storage capacities to secure energy supplies and manage strategic reserves efficiently. North America and the Middle East & Africa also continue to play crucial roles, thanks to their established oil industries and ongoing exploration activities.

Type Analysis

Fixed roof tanks represent a significant segment of the crude oil storage tank market. These tanks are commonly used for storing large quantities of crude oil and other petroleum products. Their robust construction and cost-effectiveness make them a preferred choice for many storage facilities. Fixed roof tanks are particularly advantageous in regions with stable climatic conditions, where the risks of temperature fluctuations affecting the stored product are

The oil Storage Terminal Market size was valued at USD 31.14 USD Billion in 2023 and is projected to reach USD 45.00 USD Billion by 2032, exhibiting a CAGR of 4.4 % during the forecast period. An Oil Storage Terminal is a central depot for the accumulation or temporary storage of crude oil and/or petroleum products before they are dispatched to their final locations. It consists of storage tanks and pipelines, loading terminals mostly in the ground, and other similar equipment. Types of terminals vary based on their function: a crude oil terminal chiefly deals with crude oil and an intricate product terminal in more processed petroleum products such as gasoline and diesel. Components can sometimes include protective structures for fluids as well as toolboxes for tracking the fluids. Use includes acting as critical supply chain origination points, guaranteeing timely supply of fuel for transportation, industrial, and consumer facets, and as trading hubs in the energy sector. Key drivers for this market are: Growing Focus on Safety and Organization to Fuel Market Growth. Potential restraints include: Emphasis on Adoption of Renewable Energy Resources to Alter Oil Industry Growth. Notable trends are: Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions.

United States WS: Net Stocks Percent of Working Storage Capacity data was reported at 0.440 % in 09 Feb 2024. This records an increase from the previous number of 0.420 % for 02 Feb 2024. United States WS: Net Stocks Percent of Working Storage Capacity data is updated weekly, averaging 0.453 % from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 0.621 % in 19 Jun 2020 and a record low of 0.400 % in 04 Feb 2022. United States WS: Net Stocks Percent of Working Storage Capacity data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

United States WS: Fill & Stocks in Pipelines & In-Transit by Water & Rail data was reported at 137,235.000 Barrel th in 09 Feb 2024. This records a decrease from the previous number of 138,099.000 Barrel th for 02 Feb 2024. United States WS: Fill & Stocks in Pipelines & In-Transit by Water & Rail data is updated weekly, averaging 135,625.000 Barrel th from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 141,759.000 Barrel th in 01 Jul 2022 and a record low of 122,836.000 Barrel th in 29 May 2020. United States WS: Fill & Stocks in Pipelines & In-Transit by Water & Rail data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

The global crude oil storage tank market is experiencing robust growth, driven by increasing global oil production and consumption, coupled with the need for enhanced energy security and strategic reserves. While precise figures for market size and CAGR are not provided, a reasonable estimate, considering industry trends and the presence of numerous major players like Superior Tank, CST Industries, and TOYO KANETSU, suggests a 2025 market size of approximately $15 billion USD. Considering the projected growth in oil demand and infrastructure development in emerging economies, a conservative Compound Annual Growth Rate (CAGR) of 5% is plausible for the forecast period of 2025-2033. This signifies substantial market expansion, reaching an estimated value exceeding $23 billion by 2033. Key drivers include rising energy demand from developing nations, government initiatives promoting energy infrastructure development, and the need for efficient storage solutions to manage supply chain fluctuations. Trends include increasing adoption of advanced materials for tank construction, improved automation and monitoring technologies, and a growing focus on environmental sustainability and safety regulations. However, challenges remain. Stringent environmental regulations concerning emissions and potential leaks pose restraints on market growth. Fluctuations in crude oil prices can impact investment decisions and project timelines. Furthermore, the market faces competitive pressures due to numerous established and emerging players. Segmentation within the market is likely based on tank capacity, material type (steel, concrete, etc.), and geographic location. The competitive landscape necessitates continuous innovation and strategic partnerships to maintain market share and capture emerging opportunities within specific segments. The market is expected to witness significant technological advancements, including the use of smart sensors and remote monitoring systems, further enhancing efficiency and safety.

Market Overview: The global oil storage market is projected to reach USD 1,029.7 million by 2033, exhibiting a CAGR of 1.2% during the forecast period 2025-2033. The growing demand for oil and gas products, coupled with increasing refining capacity, is driving the expansion of oil storage infrastructure. Additionally, technological advancements and regulatory changes aimed at improving safety and efficiency are contributing to the market growth. The market is segmented by application, type, and region, with crude oil and gasoline being the major applications, while fixed-roof tanks and floating-roof tanks dominate the types. Drivers and Restraints: The increasing global demand for energy, particularly in emerging economies, is a key driver of the oil storage market. Additionally, the growth of the petrochemical industry and the shift towards cleaner energy sources, such as natural gas, are contributing to the demand for oil storage facilities. However, factors such as fluctuating oil prices, environmental concerns, and geopolitical tensions are potential restraints to market growth. Governments worldwide are also implementing stringent regulations on oil storage to mitigate environmental risks, which may impact the market's expansion.

The global oil storage market, valued at $653.08 million in 2025, is projected to experience steady growth, driven primarily by increasing global energy demand and the need for efficient oil and gas infrastructure. The market's relatively low CAGR of 1.2% suggests a mature market with existing infrastructure playing a significant role. However, factors like the ongoing transition to renewable energy sources and fluctuating oil prices pose some restraints on growth. Segment analysis indicates a diverse application across various oil derivatives, with crude oil, gasoline, and diesel likely commanding the largest shares. Similarly, the floating roof tank type is expected to dominate the market due to its superior safety and environmental benefits compared to open-top tanks. Geographic distribution shows a strong presence in North America and the Asia-Pacific region, reflective of significant oil production and consumption in these areas. Further growth will likely be influenced by government regulations regarding environmental protection and safety standards for oil storage, as well as investment in new storage facilities in rapidly developing economies. The competitive landscape is characterized by a mix of large multinational corporations and specialized regional players. Major companies are investing in advanced technologies and expanding their storage capacity in key markets. The industry is also seeing increasing adoption of digital technologies for improved monitoring, security, and inventory management. While the overall market growth is moderate, opportunities exist for companies focusing on innovative storage solutions, particularly those that address environmental concerns and enhance operational efficiency. This includes solutions that reduce emissions, minimize environmental impact, and improve safety measures. Future growth will hinge on the interplay between global energy demand, technological advancements, and regulatory frameworks.

Oil Storage Market Outlook

The global oil storage market size was valued at approximately $16 billion in 2023 and, driven by a compound annual growth rate (CAGR) of 4.5%, it is projected to surpass $24 billion by 2032. This growth is primarily fueled by the rising demand for energy, which is closely tied to global industrialization and urbanization trends. As economies expand and the need for energy surges, the necessity for efficient oil storage solutions becomes increasingly significant, ensuring the stability and security of energy supplies across various regions.

One of the fundamental growth factors in the oil storage market is the fluctuating dynamics of oil prices, which have prompted both governments and private sector entities to invest in strategic oil reserves. The concept of maintaining a buffer stock to mitigate the impacts of price volatility and supply disruptions has gained traction, thereby stimulating the demand for oil storage infrastructure. Additionally, the increasing production levels of crude oil, particularly from non-OPEC countries, have necessitated the expansion of storage capacities to accommodate the surplus output. This has further augmented the market, creating ample opportunities for investments in storage technologies and facilities.

Furthermore, environmental considerations are also shaping the growth trajectory of the oil storage market. With mounting pressure to reduce carbon footprints and adopt sustainable practices, there is a marked shift towards modernizing storage infrastructure. This includes the development of advanced tank materials and designs that minimize leakage and environmental contamination. The integration of digital technologies for real-time monitoring and management of oil storage facilities is another trend driving growth. These technological advancements not only enhance the efficiency of storage operations but also align with regulatory compliance, promoting sustainability in the oil storage industry.

Advancements in energy trade and international collaborations are equally pertinent growth drivers in this market. The globalization of trade routes and the establishment of free trade agreements have facilitated cross-border oil trade, necessitating robust storage solutions. Moreover, strategic geopolitical developments and alliances are prompting nations to bolster their storage capacities as a measure of energy security and diplomatic leverage. This is particularly evident in regions where geopolitical tensions threaten the stability of oil supply chains, thus making oil storage an integral component of national energy policies.

In the realm of oil storage, the role of Oil and Gas Storage Valves cannot be overstated. These valves are critical components in ensuring the safe and efficient management of oil reserves. They provide precise control over the flow of oil into and out of storage tanks, helping to maintain optimal pressure levels and prevent leaks. As the industry moves towards more automated and digitally integrated systems, the demand for advanced storage valves is on the rise. These valves are designed to withstand harsh environmental conditions and are equipped with features that enhance operational reliability and safety. By investing in high-quality storage valves, companies can significantly reduce the risk of spills and contamination, aligning with environmental regulations and sustainability goals. Furthermore, the integration of smart technologies in storage valves allows for real-time monitoring and remote operation, offering enhanced control and efficiency in storage management.

Type Analysis

The oil storage market is segmented by type into crude oil, refined petroleum products, biofuels, and others. Crude oil storage remains the predominant segment, accounting for the largest share due to the continuous demand for crude as a primary energy source and raw material for various industries. The expansion of crude oil production, particularly from shale reserves and offshore drilling, has been a significant factor driving the need for increased storage capacity. Additionally, as countries aim to stabilize their crude oil supply chains, strategic reserves have become essential, further bolstering this segment.

Refined petroleum products, such as gasoline, diesel, and jet fuel, represent another critical segment within the oil storage market. As transportation and industrial sectors continue to grow globally, the demand for refined products rises correspondingly. Stor

United States WS: PADD 2: CU: Net Stocks Percent of Working Storage Capacity data was reported at 0.340 % in 09 Feb 2024. This records an increase from the previous number of 0.330 % for 02 Feb 2024. United States WS: PADD 2: CU: Net Stocks Percent of Working Storage Capacity data is updated weekly, averaging 0.421 % from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 0.828 % in 01 May 2020 and a record low of 0.240 % in 20 Oct 2023. United States WS: PADD 2: CU: Net Stocks Percent of Working Storage Capacity data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

The global reserve crude oil market is being supported by the rising demand for fuel oil, which stood at a volume of nearly 106279.67 KB/d in 2024. The demand for fuel oil is further expected to grow at a CAGR of 2.00% over the forecast period of 2025-2034 to attain a volume of 129554.32 KB/d by 2034.