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COVID-19 Impact on Oil and Gas Storage:
The World Health Organization declared the COVID-19 virus outbreak in December 2019 to be a public health emergency. The disease has spread to over 100 nations and resulted in tremendous deaths all across the world. Global industrial, tourism and financial markets have been particularly heavily damaged. The downward pressure on the global economy, which had previously shown signs of recovery, has grown once more. The spread of the virus has added dangerous factors to the global economy's already sluggish development. Various international agencies have stated that the global economy is experiencing its most difficult moment since the financial crisis. The global economic situation is bleak. The global economic situation is bleak. The coronavirus's negative global effects are already evident, and they will have a considerable impact on the Oil and Gas Storage in 2020.
Market Segments
The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2016-2027. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.
By Product Type, Oil and Gas Storage has been segmented into:
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Regions and Countries Level Analysis:
North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa were the regions analyzed by the experts. This section contains data about each region's and country's potential for growth. This data will aid players in identifying lucrative places and planning their future activities and investments accordingly. The market size and demand numbers for each region and country for the period 2016-2020 will also be available to the readers.
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Competitive Outlook
The analysts have conducted a thorough examination of the major competitors in the market and the methods they are employing to combat the strong competition in this section of the report. This section also includes company profiles and share analyses for the major companies. In addition, the experts conducted a comprehensive SWOT analysis of each player. They've also published manufacturers' sales and revenue data for the years 2016 through 2021. With the help of this report, key players, stakeholders, and other participants will be able to remain on top of recent and upcoming business changes, allowing them to make more informed decisions.
Table of Content
1 Market Overview
1.1 Product Definition and Market Characteristics
1.2 Global Oil and Gas Storage Market Size
1.3 Market Segmentation
1.4 Global Macroeconomic Analysis
1.5 SWOT Analysis
2. Market Dynamics
2.1 Market Drivers
2.2 Market Constraints and Challenges
2.3 Emerging Market Trends
2.4 Impact of COVID-19
2.4.1 Short-term Impact
2.4.2 Long-term Impact
3 Associated Industry Assessment
3.1 Supply Chain Analysis
3.2 Industry Active Participants
3.2.1 Suppliers of Raw Materials
3.2.2 Key Distributors/Retailers
3.3 Alternative Analysis
3.4 The Impact of Covid-19 From the Perspective of Industry Chain
4 Market Competitive Landscape
4.1 Industry Leading Players
4.2 Industry News
4.2.1 Key Product Launch News
4.2.2 M&A and Expansion Plans
5 Analysis of Leading Companies
5.1 Royal Vopak
5.1.1 Royal Vopak Company Profile
5.1.2 Royal Vopak Business Overview
5.1.3 Royal Vopak Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.1.4 Royal Vopak Oil and Gas Storage Products Introduction
5.2 WorleyParsons
5.2.1 WorleyParsons Company Profile
5.2.2 WorleyParsons Business Overview
5.2.3 WorleyParsons Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.2.4 WorleyParsons Oil and Gas Storage Products Introduction
5.3 Oiltanking
5.3.1 Oiltanking Company Profile
5.3.2 Oiltanking Business Overview
5.3.3 Oiltanking Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.3.4 Oiltanking Oil and Gas Storage Products Introduction
5.4 Vitol
5.4.1 Vitol Company Profile
5.4.2 Vitol Business Overview
5.4.3 Vitol Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.4.4 Vitol Oil and Gas Storage Products Introduction
5.5 TechnipFMC
5.5.1 TechnipFMC Company Profile
5.5.2 TechnipFMC Business Overview
5.5.3 TechnipFMC Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.5.4 TechnipFMC Oil and Gas Storage Products Introduction
5.6 Buckeye Partners, L.P.
5.6.1 Buckeye Partners, L.P. Company Profile
5.6.2 Buckeye Partners, L.P. Business Overview
5.6.3 Buckeye Partners, L.P. Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.6.4 Buckeye Partners, L.P. Oil and Gas Storage Products Introduction
5.7 Amec Foster Wheeler
5.7.1 Amec Foster Wheeler Company Profile
5.7.2 Amec Foster Wheeler Business Overview
5.7.3 Amec Foster Wheeler Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.7.4 Amec Foster Wheeler Oil and Gas Storage Products Introduction
5.8 Magellan Midstream Partners, L.P.
5.8.1 Magellan Midstream Partners, L.P. Company Profile
5.8.2 Magellan Midstream Partners, L.P. Business Overview
5.8.3 Magellan Midstream Partners, L.P. Oil and Gas Storage Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.8.4 Magellan Midstream Partners, L.P. Oil and Gas Storage Products Introduction
6 Market Analysis and Forecast, By Product Types
6.1 Global Oil and Gas Storage Sales, Revenue and Market Share by Types (2015-2020)
6.1.1 Global Oil and Gas Storage Sales and Market Share by Types (2015-2020)
6.1.2 Global Oil and Gas Storage Revenue and Market Share by Types (2015-2020)
6.1.3 Global Oil and Gas Storage Price by Types (2015-2020)
6.2 Global Oil and Gas Storage Market Forecast by Types (2020-2025)
6.2.1 Global Oil and Gas Storage Market Forecast Sales and Market Share by Types (2020-2025)
6.2.2 Global Oil and Gas Storage Market Forecast Revenue and Market Share by Types (2020-2025)
6.3 Global Oil and Gas Storage Sales, Price and Growth Rate by Types (2015-2020)
6.3.1 Global Oil and Gas Storage Sales, Price and Growth Rate of Oil
6.3.2 Global Oil and Gas Storage Sales, Price and Growth Rate of Natural Gas
6.4 Global Oil and Gas Storage Market Revenue and Sales Forecast, by Types (2020-2025)
6.4.1 Oil Market Revenue and Sales Forecast (2020-2025)
6.4.2 Natural Gas Market Revenue and Sales Forecast (2020-2025)
7 Market Analysis and Forecast, By Applications
7.1 Global Oil and Gas Storage Sales, Revenue and Market Share by Applications (2015-2020)
7.1.1 Global Oil and Gas Storage Sales and Market Share by Applications (2015-2020)
7.1.2 Global Oil and Gas Storage Revenue and Market Share by Applications (2015-2020)
7.2 Global Oil and Gas Storage Market Forecast by Applications (2020-2025)
7.2.1 Global Oil and Gas Storage Market Forecast Sales and Market Share by Applications (2020-2025)
7.2.2 Global Oil and Gas Storage Market Forecast Revenue and Market Share by Applications (2020-2025)
7.3 Global Revenue, Sales and Growth Rate by Applications (2015-2020)
7.3.1 Global Oil and Gas Storage Revenue, Sales and Growth Rate of Aboveground (2015-2020)
7.3.2 Global Oil and Gas Storage Revenue, Sales and Growth Rate of Underground (2015-2020)
7.4 Global Oil and Gas Storage Market Revenue and Sales Forecast, by Applications (2020-2025)
7.4.1 Aboveground Market Revenue and Sales Forecast (2020-2025)
7.4.2 Underground Market Revenue and Sales Forecast (2020-2025)
8 Market Analysis and Forecast, By Regions
8.1 Global Oil and Gas Storage Sales by Regions (2015-2020)
8.2 Global Oil and Gas Storage Market Revenue by Regions (2015-2020)
8.3 Global Oil and Gas Storage Market Forecast by Regions (2020-2025)
9 North America Oil and Gas Storage Market Analysis
9.1 Market Overview and Prospect Analysis
9.2 North America Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
9.3 North America Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
9.4 North America Oil and Gas Storage Market Forecast
9.5 The Influence of COVID-19 on North America Market
9.6 North America Oil and Gas Storage Market Analysis by Country
9.6.1 U.S. Oil and Gas Storage Sales and Growth Rate
9.6.2 Canada Oil and Gas Storage Sales and Growth Rate
9.6.3 Mexico Oil and Gas Storage Sales and Growth Rate
10 Europe Oil and Gas Storage Market Analysis
10.1 Market Overview and Prospect Analysis
10.2 Europe Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
10.3 Europe Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
10.4 Europe Oil and Gas Storage Market Forecast
10.5 The Influence of COVID-19 on Europe Market
10.6 Europe Oil and Gas Storage Market Analysis by Country
10.6.1 Germany Oil and Gas Storage Sales and Growth Rate
10.6.2 United Kingdom Oil and Gas Storage Sales and Growth Rate
10.6.3 France Oil and Gas Storage Sales and Growth Rate
10.6.4 Italy Oil and Gas Storage Sales and Growth Rate
10.6.5 Spain Oil and Gas Storage Sales and Growth Rate
10.6.6 Russia Oil and Gas Storage Sales and Growth Rate
11 Asia-Pacific Oil and Gas Storage Market Analysis
11.1 Market Overview and Prospect Analysis
11.2 Asia-Pacific Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
11.3 Asia-Pacific Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
11.4 Asia-Pacific Oil and Gas Storage Market Forecast
11.5 The Influence of COVID-19 on Asia Pacific Market
11.6 Asia-Pacific Oil and Gas Storage Market Analysis by Country
11.6.1 China Oil and Gas Storage Sales and Growth Rate
11.6.2 Japan Oil and Gas Storage Sales and Growth Rate
11.6.3 South Korea Oil and Gas Storage Sales and Growth Rate
11.6.4 Australia Oil and Gas Storage Sales and Growth Rate
11.6.5 India Oil and Gas Storage Sales and Growth Rate
12 South America Oil and Gas Storage Market Analysis
12.1 Market Overview and Prospect Analysis
12.2 South America Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
12.3 South America Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
12.4 South America Oil and Gas Storage Market Forecast
12.5 The Influence of COVID-19 on South America Market
12.6 South America Oil and Gas Storage Market Analysis by Country
12.6.1 Brazil Oil and Gas Storage Sales and Growth Rate
12.6.2 Argentina Oil and Gas Storage Sales and Growth Rate
12.6.3 Columbia Oil and Gas Storage Sales and Growth Rate
13 Middle East and Africa Oil and Gas Storage Market Analysis
13.1 Market Overview and Prospect Analysis
13.2 Middle East and Africa Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
13.3 Middle East and Africa Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
13.4 Middle East and Africa Oil and Gas Storage Market Forecast
13.5 The Influence of COVID-19 on Middle East and Africa Market
13.6 Middle East and Africa Oil and Gas Storage Market Analysis by Country
13.6.1 UAE Oil and Gas Storage Sales and Growth Rate
13.6.2 Egypt Oil and Gas Storage Sales and Growth Rate
13.6.3 South Africa Oil and Gas Storage Sales and Growth Rate
14 Conclusions and Recommendations
14.1 Key Market Findings and Prospects
14.2 Advice for Investors
15 Appendix
15.1 Methodology
15.2 Research Data Source
List of Tables and Figures
Figure Product Picture
Figure Global Oil and Gas Storage Market Size and Growth Rate 2015-2025
Table Oil and Gas Storage Key Market Segments
Figure Global Oil and Gas Storage Market Revenue ($) Segment by Type from 2015-2020
Figure Global Oil and Gas Storage Market Revenue ($) Segment by Applications from 2015-2020
Table SWOT Analysis
Figure Global COVID-19 Status
Figure Supply Chain
Table Major Players Headquarters, and Service Area of Oil and Gas Storage
Table Major Players Revenue in 2019
Figure Major Players Revenue Share in 2019
Table Royal Vopak Company Profile
Table Royal Vopak Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Royal Vopak Production and Growth Rate
Figure Royal Vopak Market Revenue ($) Market Share 2015-2020
Table WorleyParsons Company Profile
Table WorleyParsons Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure WorleyParsons Production and Growth Rate
Figure WorleyParsons Market Revenue ($) Market Share 2015-2020
Table Oiltanking Company Profile
Table Oiltanking Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Oiltanking Production and Growth Rate
Figure Oiltanking Market Revenue ($) Market Share 2015-2020
Table Vitol Company Profile
Table Vitol Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Vitol Production and Growth Rate
Figure Vitol Market Revenue ($) Market Share 2015-2020
Table TechnipFMC Company Profile
Table TechnipFMC Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure TechnipFMC Production and Growth Rate
Figure TechnipFMC Market Revenue ($) Market Share 2015-2020
Table Buckeye Partners, L.P. Company Profile
Table Buckeye Partners, L.P. Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Buckeye Partners, L.P. Production and Growth Rate
Figure Buckeye Partners, L.P. Market Revenue ($) Market Share 2015-2020
Table Amec Foster Wheeler Company Profile
Table Amec Foster Wheeler Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Amec Foster Wheeler Production and Growth Rate
Figure Amec Foster Wheeler Market Revenue ($) Market Share 2015-2020
Table Magellan Midstream Partners, L.P. Company Profile
Table Magellan Midstream Partners, L.P. Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Magellan Midstream Partners, L.P. Production and Growth Rate
Figure Magellan Midstream Partners, L.P. Market Revenue ($) Market Share 2015-2020
Table Global Oil and Gas Storage Sales by Types (2015-2020)
Table Global Oil and Gas Storage Sales Share by Types (2015-2020)
Table Global Oil and Gas Storage Revenue ($) by Types (2015-2020)
Table Global Oil and Gas Storage Revenue Share by Types (2015-2020)
Table Global Oil and Gas Storage Price ($) by Types (2015-2020)
Table Global Oil and Gas Storage Market Forecast Sales by Types (2020-2025)
Table Global Oil and Gas Storage Market Forecast Sales Share by Types (2020-2025)
Table Global Oil and Gas Storage Market Forecast Revenue ($) by Types (2020-2025)
Table Global Oil and Gas Storage Market Forecast Revenue Share by Types (2020-2025)
Figure Global Oil Sales and Growth Rate (2015-2020)
Figure Global Oil Price (2015-2020)
Figure Global Natural Gas Sales and Growth Rate (2015-2020)
Figure Global Natural Gas Price (2015-2020)
Figure Global Oil and Gas Storage Market Revenue ($) and Growth Rate Forecast of Oil (2020-2025)
Figure Global Oil and Gas Storage Sales and Growth Rate Forecast of Oil (2020-2025)
Figure Global Oil and Gas Storage Market Revenue ($) and Growth Rate Forecast of Natural Gas (2020-2025)
Figure Global Oil and Gas Storage Sales and Growth Rate Forecast of Natural Gas (2020-2025)
Table Global Oil and Gas Storage Sales by Applications (2015-2020)
Table Global Oil and Gas Storage Sales Share by Applications (2015-2020)
Table Global Oil and Gas Storage Revenue ($) by Applications (2015-2020)
Table Global Oil and Gas Storage Revenue Share by Applications (2015-2020)
Table Global Oil and Gas Storage Market Forecast Sales by Applications (2020-2025)
Table Global Oil and Gas Storage Market Forecast Sales Share by Applications (2020-2025)
Table Global Oil and Gas Storage Market Forecast Revenue ($) by Applications (2020-2025)
Table Global Oil and Gas Storage Market Forecast Revenue Share by Applications (2020-2025)
Figure Global Aboveground Sales and Growth Rate (2015-2020)
Figure Global Aboveground Price (2015-2020)
Figure Global Underground Sales and Growth Rate (2015-2020)
Figure Global Underground Price (2015-2020)
Figure Global Oil and Gas Storage Market Revenue ($) and Growth Rate Forecast of Aboveground (2020-2025)
Figure Global Oil and Gas Storage Sales and Growth Rate Forecast of Aboveground (2020-2025)
Figure Global Oil and Gas Storage Market Revenue ($) and Growth Rate Forecast of Underground (2020-2025)
Figure Global Oil and Gas Storage Sales and Growth Rate Forecast of Underground (2020-2025)
Figure Global Oil and Gas Storage Sales and Growth Rate (2015-2020)
Table Global Oil and Gas Storage Sales by Regions (2015-2020)
Table Global Oil and Gas Storage Sales Market Share by Regions (2015-2020)
Figure Global Oil and Gas Storage Sales Market Share by Regions in 2019
Figure Global Oil and Gas Storage Revenue and Growth Rate (2015-2020)
Table Global Oil and Gas Storage Revenue by Regions (2015-2020)
Table Global Oil and Gas Storage Revenue Market Share by Regions (2015-2020)
Figure Global Oil and Gas Storage Revenue Market Share by Regions in 2019
Table Global Oil and Gas Storage Market Forecast Sales by Regions (2020-2025)
Table Global Oil and Gas Storage Market Forecast Sales Share by Regions (2020-2025)
Table Global Oil and Gas Storage Market Forecast Revenue ($) by Regions (2020-2025)
Table Global Oil and Gas Storage Market Forecast Revenue Share by Regions (2020-2025)
Figure North America Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure North America Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
Figure North America Oil and Gas Storage Market Forecast Sales (2020-2025)
Figure North America Oil and Gas Storage Market Forecast Revenue ($) (2020-2025)
Figure North America COVID-19 Status
Figure U.S. Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Canada Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Mexico Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Europe Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Europe Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
Figure Europe Oil and Gas Storage Market Forecast Sales (2020-2025)
Figure Europe Oil and Gas Storage Market Forecast Revenue ($) (2020-2025)
Figure Europe COVID-19 Status
Figure Germany Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure United Kingdom Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure France Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Italy Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Spain Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Russia Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
Figure Asia-Pacific Oil and Gas Storage Market Forecast Sales (2020-2025)
Figure Asia-Pacific Oil and Gas Storage Market Forecast Revenue ($) (2020-2025)
Figure Asia Pacific COVID-19 Status
Figure China Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Japan Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure South Korea Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Australia Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure India Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure South America Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure South America Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
Figure South America Oil and Gas Storage Market Forecast Sales (2020-2025)
Figure South America Oil and Gas Storage Market Forecast Revenue ($) (2020-2025)
Figure Brazil Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Argentina Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Columbia Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Oil and Gas Storage Market Revenue and Growth Rate (2015-2020)
Figure Middle East and Africa Oil and Gas Storage Market Forecast Sales (2020-2025)
Figure Middle East and Africa Oil and Gas Storage Market Forecast Revenue ($) (2020-2025)
Figure UAE Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure Egypt Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Figure South Africa Oil and Gas Storage Market Sales and Growth Rate (2015-2020)
Research Methodology:
Oil and Gas Storage Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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