التفاصيل البيبلوغرافية
| العنوان: |
New Pipeline Has Oil-Storage Tanks at Key US Hub Running Dry. |
| المؤلفون: |
Kassai, Lucia, Kumar, Devika Krishna |
| المصدر: |
Bloomberg.com; 9/19/2024, pN.PAG-N.PAG, 1p |
| مصطلحات موضوعية: |
ENERGY futures, SUPPLY chain disruptions, SUMMER, PETROLEUM, INVENTORIES |
| مستخلص: |
Oil-storage tanks at the Cushing, Oklahoma hub in the US have reached near-empty levels due to the diversion of flows caused by a new pipeline in Canada. The expanded Trans Mountain pipeline has shifted Canadian oil supplies to the country's Pacific Coast, reducing the flow of Canadian crude to the US Gulf Coast. Additionally, European demand for US crude has increased due to supply disruptions in Libya. The drawdown at Cushing has helped support the price spread between the nearest two WTI futures contracts, indicating a shortage of barrels for immediate delivery. However, concerns are rising about the hub's ability to operate normally with its current stockpiles representing less than a third of its working capacity. [Extracted from the article] |
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| قاعدة البيانات: |
Complementary Index |
