Industry News

Tanks, Terminals, & Storage
Gibson Energy to Build 900,000 barrels of Crude Storage in Alberta
Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers....
Vitol JV Expects Global Oil Storage Demand to Continue Rising
VTTI Energy Partners said on Tuesday that demand for international oil storage capacity will continue to grow over time, driven primarily by regional supply and demand product imbalances and growing global product...
U.S. Crude Oil Storage Tanks at Cushing 78% Full: Genscape
U.S. crude oil storage has reached the highest levels since 2011, with tanks in the Cushing, Oklahoma hub running nearly 80 percent full, energy markets intelligence firm Genscape said on Tuesday. Cushing, the...
Catsimatidis: Gasoline Tanks At Riverhead Oil Terminal Means Jobs, Other Benefits
United Riverhead Terminal Inc. has proposed expanding the oil terminal in the Northville section of Riverhead to include gasoline. The company said the expansion would bring more jobs and cheaper gas prices, WCBS 880...