Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

December 4, 2015
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By hellenicshippingnews Commercial crude oil inventories in Cushing, Oklahoma (located in Petroleum Administration for Defense District 2) and the U.S. Gulf Coast (PADD 3) totaled a record-high 309.4 million barrels as of the week ending November 27. Based on the recently released storage capacity and line fill data in the September Petroleum Supply Monthly(PSM), EIA estimates 70.2% utilization of working … Read full story ›

Source:: Hellenic shipping news Oil