Downstream industries fuel growth
The rising price of oil will have a significant effect on industry performance over the next five years, as high prices hamper profitability. Still, revenue is expected to grow at a steady pace, in line with the economic recovery and rising supply of oil. An improvement in downstream demand will have a positive effect on operators, though the number of establishments and enterprises will decline at a low rate over the next five years.
Firms in this industry operate bulk storage facilities for petroleum products and also sell those products in bulk to smaller petroleum distributors, electricity generators and the military.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.