oilstoring
Oilstoring refers to the practice of holding crude oil or refined petroleum products in various types of storage facilities. This can be done for a variety of reasons, including managing supply and demand fluctuations, ensuring energy security, speculating on future price changes, or meeting operational needs of refineries and distribution networks. The most common types of oil storage include tanks, which can be above-ground or underground, and geological formations such as salt caverns or depleted oil fields.
The capacity and scale of oil storage can vary significantly, from small on-site tanks at refineries to
Factors influencing the decision to store oil include expected future prices, current market conditions, and government