Report summaryCushing stocks have dropped from 40 Mbbl in January to just over 19 Mbbl at the end of July, and currently hover in the low 20 Mbbl range. The precipitous drop, an average of 125 kb/d, indicates that demand for domestic barrels is strong and continues to be strong today as Gulf Coast refineries take as much domestic crude oil as they can get. Stare at Cushing long enough and it reveals a glimpse into what the future holds for Gulf Coast refining.
This report includes 1 file(s)
- The Cushing Crystal Ball PDF - 347.00 KB 3 Pages, 0 Tables, 3 Figures