real-time news and commentary for investors
Wednesday, Feb 20
The EIA thinks planned additions to pipeline capacity should be enough to cure the current...
The EIA thinks planned additions to pipeline capacity should be enough to cure the current imbalance at Cushing, where a backlog has been helping hold down the price of U.S. crude. Should Gulf refineries have access to so much U.S. and Canadian crude, imports from West Africa will fall, possibly to zero. Nigeria, for one, can ill afford for its oil industry to suffer; it already loses $7B/year through theft.