Quotes from the news wire:
For Gulf Coast refiners already hit by Venezuela sanctions, Iran sanctions, Canada's cuts and OPEC cuts, this adds insult to injury, the number of alternative sources of heavy crude is narrowing.
Found on Reuters 5 years ago
Because of their proximity and ease of access to this market, Gulf producers have a natural advantage selling new output to Gulf Coast refiners.
Found on Reuters 5 years ago
There's only one dock on the Gulf Coast that can handle a VLCC deepwater, and that's LOOP. And the LOOP has only started to export.
Found on Reuters 6 years ago
Whenever we talk about these numbers, the issues are not just of pure dock capacity. For China, the more important issue for them is the size of vessel that you can load. (Of) all of the main (U.S.) regions where loading is occurring, none can load a VLCC directly.
Found on Reuters 6 years ago
This reflects falling production in the Bakken. At least in the short term, there is no need for both pipelines.
Found on Reuters 8 years ago
There's a fair amount of juggling that pipeline companies can do with crude oil, and they haven't been running up against those limitations for the past several months because of the wildfires, if production expands, though, we'll see congestion in the system. Heavy crude will get discounted further against WTI and price spreads will then blow out.
Found on Reuters 8 years ago
It's a much different competitive environment now that we don't have distressed condensate.
Found on Reuters 8 years ago
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