Related Articles
Forward article link
Share PDF with colleagues

Rotterdam oil storage takes a dive from flat consumption

Independent oil storage operators in Rotterdam are facing adverse trends while Antwerp volumes are up

The past two years have not been good ones for the independent storage operators of Rotterdam, by far the largest of the Amsterdam-Rotterdam-Antwerp (ARA) oil gateways to Europe. Flat consumption and low refining margins have trimmed the logistical flows through the port, while backwardation in refined product prices – futures prices lower than prompt – has caused speculative storage to evaporate.  Earlier, the ARA ports had been benefiting from the growth in long-distance oil supply, with products coming in from the new refineries of Asia and other products going out to Asia’s consuming countries. But Asia’s lower consumption-growth has taken the edge off that trade, and increases in termi

Also in this section
Weighing Bolivia's gas export options
9 August 2018
Legal disputes and competition from Chile complicate efforts to become a regional energy hub
Energy Web Atlas Launches World Pipeline Dataset
7 August 2018
Collected for more than a century, information includes detailed data on pipelines in all stages of development and operation.
Pakistan gagging for more gas
24 July 2018
Declining domestic natural gas production and delayed import schemes could cause problems