Tag: east coast
Widening Brent-WTI price spread unlikely to change East Coast crude oil supply
Restrictions on exporting domestic oil were removed, refiners now compete with international buyers for domestic oil In Sept. and Oct. 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015, according to the U.S. Energy Information Administration. In the past, price differences between West Texas Intermediate (WTI) […]
Crude-by-rail volumes to the East Coast are declining – EIA
Oil carried by rail from Midwest to East Coast remains country’s largest crude-by-rail movement at 176,000 b/d Movements of crude oil by rail within the US averaged 443,000 barrels b/d in the first five months of 2016, down 45 per cent from the same period last year according to the US Energy Information Administration. Fewer shipments of crude […]
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