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Oil Storage Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2029 – Kentucky Journal 24

Oil Storage Terminal Market to Reach USD 37.52 Billion by 2027 Owing to Increasing Energy Consumption Globally, Reports Fortune Business Insights™

Oil and Gas Industry Affected Negatively Owing to Declining Economy COVID-19 has drastically affected the oil and gas industry. The major oil-producing countries were affected by the falling global economy and reducing demand for oil. The construction of oil storage terminal and related upgrades are expected to be postponed due to industrial slow down. After the upliftment of lockdown, it is expected that the demand for oil will start to rise as the manufacturing bases will start operating. Market Segmentation Based on type, the market for oil storage terminal is segmented into strategic reserve and commercial reserve. The commercial reserves segment dominated the market due to their growing demand. The past few years have experienced a most of the terminals to be used specifically for the purpose of commercial crude oil boosting its demand.

Aquaponics Market Research Report by Produce, Size, Share, Trends, Components, Equipment, Application and Region