tank — Oil & Gas Glossary
A metal or plastic vessel used to store or measure a liquid. The three types of tanks in an oil field are drilling, production and storage tanks.
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In the News
OPEC+ Hikes May Output by 206,000 BPD, but 230 Loaded Tankers Remain Stranded in Persian Gulf
Prices & MarketsApr 16, 2026
Iran Halts Strait of Hormuz Shipping Again After Israeli Strikes on Lebanon, Over 400 Tankers Stranded as Oil Prices Reverse on April 9
Prices & MarketsApr 9, 2026
Iran Opens Hormuz to Approved Tankers Under Undisclosed Toll System as Prairie Operating Posts 3,000% EBITDA Surge
Prices & MarketsMar 30, 2026