Oil storage

Oil storage involves keeping crude oil or refined products in secure tanks or containers for future use. Storage facilities, such as tank farms or underground caverns, help manage supply and demand, ensure continuous availability, and stabilize prices. These tanks are designed to prevent leaks and contamination, and they often include systems to monitor pressure and prevent spills. Oil storage is crucial for balancing production peaks with consumption needs, especially when geopolitical events or market fluctuations disrupt supply. Essentially, it's a strategic reserve that helps keep oil supplies steady, supporting energy security and economic stability.