Crude Exporters Navigate Gulf Coast Terminal Constraints
U.S. crude exports out of the Gulf Coast averaged more than 2.4 MMb/d in the first four months of 2019 — using infrastructure that is increasingly constrained by a lack of deepwater ports. U.S. crude is reaching destinations worldwide, with large volumes traveling long distances to Asia on gargantuan 2-MMbbl vessels — Very Large Crude Carriers (VLCCs) — loaded offshore by ship-to-ship transfer. Shipments to Europe are primarily
Plains eyes Rockies expansion as oil shippers seek more pipeline space from Canada
Highlights
May bring quicker access to refining, export markets
Line 3, Keystone XL, Trans Mountain delays stretch on
WCS discount to WTI narrows to $11.60/b Tuesday
Plains All American Pipeline launched an open season this week to gauge demand for an expansion of its Western Corridor pipeline system to move more oil from Canada, Montana and Wyoming toward refining and export markets on t