Asia Pacific to Emerge as Lucrative Market in Oil Storage through 2024

Oil storage is as essential to ensuring a steady supply of the commodity as it is to influencing its trading prices. The growing import of oil products in emerging economies is expected to increase the demand for oil storage worldwide. Moreover, the supply/demand imbalance will increase with the growth in emerging economies, especially in Asia Pacific, and create more trade, subsequently benefitting the global oil storage market. The growing investments by major oil trading companies in tank storage are also expected to drive the global oil storage market. According to a report published by Transparency Market Research (TMR), the global oil storage market is anticipated to expand at a 4.73% CAGR by volume between 2016 and 2024, reporting a rise from 1,337 mn cubic meters in 2014 to 2,027 mn cubic meters by the end of 2024. Download Free exclusive Sample of this report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2421

Asia Pacific to Emerge as Lucrative Market in Oil Storage through 2024

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