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With the refinery closed, crude oil prices were artificially depressed at the Cushing pricing point. The Eagle North pipeline reactivated in 2010, adding offtake capacity to Cushing by connecting Valero's oil refinery in Ardmore, Oklahoma with Cushing's cheap crude oil. This should have resulted in boosting WTI prices which were discounted ...
The Cushing MarketLink pipeline phase started at Cushing, Oklahoma, where American-produced oil is added to the pipeline, then runs south 435 miles (700 km) to a delivery point near terminals in Nederland, Texas, to serve refineries in the Port Arthur, Texas, area. Keystone started pumping oil through this section in January 2014.
The Cushing Oil Field, also known as the Cushing-Drumright Oil Field, is an oil field in northeastern Oklahoma, part of the Mid-Continent oil province. The 10-mile (16 km) by 3-mile (4.8 km) field includes southeastern Payne County , northwestern Creek County , and northeastern Lincoln County .
The oil glut in the Midwest should finally see some relief. Calgary-based TransCanada (NYS: TRP) is planning to build a 485-mile oil pipeline, extending from Cushing, Okla., all the way to the ...
A 1912 oil boom led to the city's development as a refining center, [7] with over 50 refineries operating in Cushing over its history. [8] Today, Cushing is a major trading hub for crude oil and a price settlement point for West Texas Intermediate on the New York Mercantile Exchange [9] and is known as the "Pipeline Crossroads of the World."
As the Financial Times wrote last year, the crude oil trade is "in throes of an historic shift." U.S. Gulf Coast refiners, which had relied on imports of light sweet crude oil from OPEC nations ...
Enterprise Products Partners and Enbridge made a lot of noise last year, when they reversed their 50/50 joint venture Seaway pipeline so that it carried crude oil from Cushing, Okla., down to the ...
The Seaway Crude Pipeline System (SCPS), commonly known as the Seaway Pipeline, is an oil pipeline system which transports crude oil between Cushing, Oklahoma and Freeport, Texas, and through the Texas City, Texas Terminal and Distribution System on the Gulf Coast of the United States.