Gasoline & Petroleum Bulk Stations in Canada
Given that the industry serves as a conduit between petroleum refiners and markets further downstream, the industry's performance is intimately linked to the supply of and demand for petroleum and petroleum products, and the price of these products is closely linked to the price of crude oil, which is a function of global supply and demand levels. Industry performance was booming in the years leading up to the reporting period in response to continued expansion in domestic oil production alongside sharp growth in global oil prices. However, industry revenue has fallen sharply since 2014, as oil prices collapsed between 2015 and 2016 in response to a global supply glut and weakened global demand. Over the five years to 2023, the industry is forecast to continue its rebound as oil prices are expected to rise.
This industry manages and operates bulk-storage facilities for petroleum products and wholesales those products in bulk to smaller petroleum distributors, electricity generators and gasoline stations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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