Louisiana Offshore Oil Port (LOOP) Crude Oil Storage Capacity Auction
04.29.2022 By Ricardo Perez - NEWS

April 30, 2021 [Matrix Global & TankTerminals.com] – On May 3rd Matrix Global will be running a capacity auction for eight million barrels of crude oil capacity out to December 2023.

Since the inception of the Matrix auction program MAP, LOOP has sold over 500 million of crude oil storage capacity. In auction programs worldwide, Matrix has sold an additional 100 million barrels of oil storage capacity.

The MAP combined with the Terminal Marketplace are effective tools which can support the marketing programs for almost all Terminal operations. The dynamics of the relationship between and terminal operator and their customer are going through a transition, Matrix and Insights Global have created mechanisms to help in this transition.



Offer, bid and book tank capacity globally


Terminal Marketplace is a digital platform for terminal operators, traders, oil majors and chemical producers to offer and rent tank storage capacity online.


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