Magellan Midstream Partners (MMP) says it has started storing crude in tanks at Crane, Tex., the...

|About: Magellan Midstream Partners... (MMP)|By:, SA News Editor

Magellan Midstream Partners (MMP) says it has started storing crude in tanks at Crane, Tex., the origin point for the Longhorn pipeline, which it expects to start transporting crude by mid-April. The line, which had carried refined products, has been reversed to transport crude to Houston refineries and could help ease a glut of oil at the Cushing delivery hub and support local prices by opening the door to new buyers.