North America Oil Storage Market Outlook: U.S. and Canada Regional Trends

North America Oil Storage Market Size and Trends
The North America oil storage market size is predicted to reach US$ 1,118.0 Mn in 2032 from US$ 816.0 Mn in 2025. It will likely witness a CAGR of around 4.6% in the forecast period between 2025 and 2032.

The North America oil storage market is undergoing a rapid transformation, pushed by volatile production cycles, export-led growth, and shifting regulatory dynamics. Once viewed merely as passive stockpiles between upstream and downstream operations, storage hubs in the U.S. and Canada have now become strategic pressure valves. Facilities, including Hardisty and Cushing, are not just physical storage points but market-making nodes influencing future contracts and international crude benchmarks.