Oversupply of crude and the impact on Asian storage hubs on the agenda at Tank Storage Asia

The role of Asia in the global oil market, the oversupply of crude worldwide and its impact on key Asian storage hubs will be at the heart of conference discussions at this year’s Tank Storage Asia, taking place on 27 and 28 September, Marina Bay Sands, Singapore.

This year’s event is particularly timely with everything happening in the United States, demonstrating the potential vulnerabilities of the crude oil and refined products market and the impact that natural setbacks can have on the global supply chain. For Asian producers and refineries this is likely to mean increased crude and petroleum supply to markets normally resourced from US stocks, according to the organizers.

Bulk liquid storage, an industry with an inherent degree of risk and safety, remains a key focus area in many emerging markets.

Other topics will include spotting new storage development opportunities across South East Asia, legal issues around terminal transactions and structuring and financing of projects, among others.