Oil storage news

Sunoco LP and SunocoCorp LLC have announced that Sunoco completed the acquisition of Parkland Corp. on 31 October 2025.

Oman Tank Terminal Co. (OTTCO), a subsidiary of OQ Group, and Royal Vopak have signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm, Oman (SEZAD).

Hempel has launched Hempaline Defend 430, a tank lining created to help energy operators boost efficiency, minimise downtime, and extend maintenance intervals.

UAB-Online has announced a new partnership with Digital Port Agency Ltd (DPA), headquartered in the UAE.

FourPoint Resources has announced an agreement with Energy Transfer to expand the Price River Terminal in Wellington, Utah, US, doubling the terminal’s export capacity.

The US EIA estimates crude oil inventories in China increased by about 900 000 bpd between January and August 2025, essentially acting as a source of demand by removing barrels from the global markets.

Falcker, and Vopak have signed an agreement for worldwide deployment of Falcker's advanced tank inspection platform.

Tranmere terminal, UK, has welcomed the Eagle Venice, a very large crude carrier (VLCC) – one of the largest vessels to visit the terminal.

Exolum has embarked upon the process for authorisation for the construction of a new terminal for storage of bulk liquid at the Outer Port of A Coruña, on the Punta Langosteira dock, Spain.