Since mid-2017, the East Coast has been receiving as much crude oil by tanker and barge from the Gulf Coast as it has by rail from the Midwest. In April, the volume of crude oil transported by tanker and barge from the Gulf Coast to the East Coast reached the highest level since mid-2014. At the same time, crude oil shipped to the East Coast by rail from the Midwest has fallen 77% from its peak in late 2014. These changes in crude oil shipments, as well as the mix between foreign and domestic crude oil inputs to East Coast refineries, have followed price movements in crude oil markets. Source: Today in Energy – East Coast refiners receiving more domestic crude oil from Gulf Coast by tanker and barge
Continue reading East Coast refiners receiving more domestic crude oil from Gulf Coast by tanker and barge. This article appeared first on CTRM Center.
Source: CTRM Center