New North America tank storage price indexes

General Index is excited to announce the launch of our new North American tank storage module.

Over 40 price assessments across heavy ends, light/medium/heavy crudes, gasolines, distillates and blendstocks: bringing unparalleled insight into the cost of energy storage in the USA.

The indexes benefit a range of audiences and use cases, including:

Traders

Profit Opportunities: Identify arbitrage opportunities between current and future prices, take advantage of contango (where future prices are higher than current prices) and backwardation (where future prices are lower).

Informed Trading Decisions: Make more informed decisions about when to buy and sell commodities, optimize trading strategies based on storage costs.

Market Sentiment Analysis: Gauge market sentiment and supply-demand dynamics, strengthen market positions.

Brokers

Client Advisory: Provide better advice to clients on commodity trading and storage strategies and offer tailored solutions.

Transaction Facilitation: Facilitate transactions between buyers and sellers, ensure fair pricing and terms.

Market Insights: Offer valuable market insights and forecasts to clients, enhancing credibility and service offerings.

Operational Decision Makers

CAPEX: Evaluate the costs and benefits of acquiring land for storage purposes, especially in strategic locations that support efficient supply chain operations.

Capacity Planning: Better plan and manage storage capacity, ensuring that storage resources are utilized effectively and economically.

Supply Chain Optimization: Facilitates better supply chain decisions, such as timing of purchases and sales, to minimize costs and maximize profits.

Prices are derived by taking bids, offers and trades at each location are assessed to determine liquidity, with contract dates starting within six months of the transaction date in order to be considered for inclusion.

Interested in finding out more? Check out our North American tank storage price indexes.