Source: U.S. Energy Information Administration. In most discussions of inventory levels for crude oil or refined products, the term “PADD” will be used. For anyone wondering what exactly a PADD is, here is a comprehensive explanation from the Energy Information Administration: The Petroleum Administration for Defense Districts (PADDs) are geographic aggregations of the 50 States and […]
Read MoreAs we continue to watch the market fall, crude finished at $44.66/bbl yesterday, inching closer and closer to the intraday yearly low we witnessed in the late winter. This morning, crude has dropped from the settle yesterday to just under $44/bbl, so it’s safe to say that the bearish trend continues. OPIS (Oil Price Information […]
Read MoreBacteria in tanks—a growing problem Maintaining your storage tank is one of the most challenging, yet important, tasks of being a tank owner. Poor hygiene can lead to the introduction of water and bacteria into your tank system, and eventually into your equipment.
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