Amid tumultuous energy market conditions, storage will play a key role over the next few years in the global supply chain as product markets work to settle in the face of a number of challenges.
The IMO sulphur fuel oil cap will be the biggest disruption to energy markets when it comes into effect on January 1, 2020 and uncertainty surrounds how the middle distillate and fuel oil markets will cope in the face of this change.
Against this backdrop, the storage industry will a fundamentally important one as global markets attempt to navigate these challenging times.
At the Argus Mediterranean Storage & Logistics conference in Barcelona, experts debated how these big market trends will impact the sector as well as the latest storage developments in the Mediterranean.
Providing an overview of global market trends, Kristen Mueller, senior manager, consulting services at Argus Media, told delegates that while higher crude oil prices will be here for longer, the peak and trough of pric...