US Tariffs & The Ripple Effect

Giacomo Prandelli unpacks how US volatility is flipping the script for storage terminals worldwide, and how to turn it into an opportunity Welcome to the wild world of storage terminals, where the US market’s ups and downs keep everyone guessing! If you’re in the business of storing oil, gas, or chemicals, you know one thing for sure: what happens in America doesn’t stay in America. It ripples out, shaking up everything from tank rates to customer demand. With the global storage tank market hitting $20 billion (€18 billion) in 2023 and projected to soar to $35.5 billion (€31 billion) by 2032, the stakes are sky-high. The US energy market in 2024 and at the start of 2025 has been nothing short of a rollercoaster, creating ripple effects across the globe. Brent crude oil prices fluctuated significantly, ranging from $60 to $90 (€52-€79) per barrel, driven mostly by OPEC+ decisions, the resilience of US shale production, and ongoing tensions in the Middle East. These changes have made storage terminals worldwide reevaluate their strategies to survive in this dynamic environment. Moreover, American policies have played a major role in shaping global energy trends. The...