Post Tagged with: "Crude oil glut"

Source: Reuters

A hunt for any storage space turns urgent as oil glut grows

Reuters


NEW YORK/HOUSTON – The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when shale producers stopped drilling – they want to …

Phillips 66’s Gray Oak pipeline opens up storage amid oil glut

Phillips 66’s Gray Oak pipeline opens up storage amid oil glut

The Economic Times


NEW YORK: Phillips 66 Partners LP will offer shippers storage on its Gray Oak crude oil pipeline system in Texas because of an urgent need for tank space, the company said on Friday, as an oil glut

U.S. Crude Storage Utilization Up while Capacity Grows

U.S. Crude Storage Utilization Up while Capacity Grows

The U.S. adds record amount of crude oil storage capacity; smaller than expected draw reported today

The glut of crude oil has prompted for some time now a fear that storage may not be able to keep pace with the …

June 22, 2016 - 5:00 pm Closing Bell Story‎, Oil and Gas 360 Articles