In this News Briefs report, we’ve highlighted some of the growing challenges and opportunities related to crude oil storage capacity in the United States and Europe. Also covered was the advance warning given to tank truck drivers in Iraq and Syria prior to US air strikes late last year.
1. Even as the oilfield sector struggles, crude oil storage terminal operators are doing just fine, according to Al Salazar, who was quoted in a recent story in the Beaumont TX Enterprise. Salazar is chief executive of Jefferson Energy Companies which is building a crude oil storage terminal at the Port of Beaumont’s Orange County dock.
2. Similar to the situation reported in various parts of the United States, crude storage operators in Scandinavia report that tankage is nearing capacity. Sources reportedly are telling OPIS that all crude storage tanks are more or less full right now, and traders are looking for additional storage outside the region.
3. Before US war planes attacked petroleum tank trucks last November in Iraq and Syria, the Pentagon reportedly warned the drivers to flee. Leaflets reportedly were dropped telling drivers to “run for their lives,” according to a recent Fox News report. “Oil trucks are being destroyed because buying this oil is the lifeblood of Da’ish. Leave the trucks and flee,” read one leaflet.
4. Blizzard conditions, heavy ice accumulations, strong winds, and coastal flooding across the eastern United States over the past week provided a reminder that we are still in the midst of winter. That said, Ryder officials say it is critical that truck fleet managers and drivers take the proper measures to ensure safety on the roadways. Ryder has made available various tip sheets, check lists, videos, and weather alerts regarding winter weather conditions and preparation, which can be accessed on its Winter Preparedness Hub at http://campaigns.ryder.com/WinterDriving?_ga=1.157556090.1153417455.1453137456.