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.

API Gasoline Stocks in the United States decreased to 0.58 BBL/1Million in January 26 from 7.18 BBL/1Million in the previous week. This dataset provides - United States Api Gasoline Stocks- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Access the American Petroleum Institute's (API) Weekly Statistical Bulletin (WSB), providing essential data for the US and regional petroleum markets.

API Crude Runs in the United States increased to 0.09 BBL/1Million in April 5 from -0.01 BBL/1Million in the previous week. This dataset provides - United States API Refinery Crude Runs- actual values, historical data, forecast, chart, statistics, economic calendar 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.

Stocks of crude oil in the United States increased by 7.07million barrels in the week ending July 4 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 the importance of the US crude inventory report, which provides insights into the stockpile of crude oil and petroleum products in the country. Discover how this data influences the supply and price of oil and helps assess energy market trends and dynamics.

Crude oil and petroleum products opening and closing inventories, by mode of transport including pipelines, marine vessels and associated terminals, by product type, monthly, not seasonally adjusted.

This dataset provides values for API CRUDE OIL STOCK CHANGE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

U.S. crude oil inventories saw a slight increase, while gasoline and distillate stocks declined, affecting market dynamics. Learn more about the latest EIA report.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

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.

WS: PADD 2 data was reported at 170,029.000 Barrel th in 09 Feb 2024. This stayed constant from the previous number of 170,029.000 Barrel th for 02 Feb 2024. WS: PADD 2 data is updated weekly, averaging 170,208.000 Barrel th from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 172,749.000 Barrel th in 20 Mar 2020 and a record low of 170,029.000 Barrel th in 09 Feb 2024. WS: PADD 2 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.

Explore the surprising increase in U.S. crude oil inventories driven by a significant import surge, affecting gasoline and distillate stocks. Understand the market's response and refinery activity.

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

United States WS: PADD 2: Net Stocks Percent of Working Storage Capacity data was reported at 0.400 % in 09 Feb 2024. This records an increase from the previous number of 0.380 % for 02 Feb 2024. United States WS: PADD 2: Net Stocks Percent of Working Storage Capacity data is updated weekly, averaging 0.441 % from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 0.674 % in 01 May 2020 and a record low of 0.335 % in 24 Jun 2022. United States WS: PADD 2: 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 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

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: PADD 1: Total Stocks data was reported at 7,223.000 Barrel th in 16 Feb 2024. This records a decrease from the previous number of 7,697.000 Barrel th for 09 Feb 2024. United States WS: PADD 1: Total Stocks data is updated weekly, averaging 8,227.500 Barrel th from Jan 2020 (Median) to 16 Feb 2024, with 214 observations. The data reached an all-time high of 13,243.000 Barrel th in 08 May 2020 and a record low of 6,530.000 Barrel th in 17 Mar 2023. United States WS: PADD 1: Total Stocks 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.