Oklahoma's Cushing Glut Slowly Eases While Awaiting New Pipeline Capacity From the North, an Industrial Info News Alert
May 13, 2014 - SUGAR LAND, TX
Researched by Industrial Info Resources (Sugar Land, Texas) -- The 450,000-barrel-per-day (BBL/d) Seaway II pipeline was expected to be brought online in February 2014, but it has been pushed back until this summer. TransCanada Corporation's (NYSE:TRP) (Calgary) 500,000-BBL/d Keystone XL (KXL) pipeline, which also would bring oil into Cushing, Oklahoma, has been even further delayed. Cushing's bottleneck may be relieved for far longer than previously expected, as takeaway capacity outstrips incoming capacity for the next several months.
Other companies featured: Kinder Morgan Incorporated (NYSE:KMI)
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