Tuesday, April 29, 2014

Crude oil moving out of Cushing: trends and implications

From Platts:
The home of the NYMEX crude contract, Cushing, Oklahoma, only a few years ago was swimming in oil, but that has since changed. A combination of big new crude pipeline projects, along with the ever-expanding reach of crude-by-rail movements, is starting to move crude oil out of Cushing. Alison Ciaccio, oil futures editors, discusses the trend with John Kingston, director of news....