By Bruce Nichols / Reuters
July 9, 2009
HOUSTON (Reuters) - Seaway crude oil pipeline flows have been reduced, and a possible reason is high storage levels at Cushing, Oklahoma, a company spokesman said Thursday.
Shipments were 30 percent less in June than the average for the first quarter, and July nominations remain reduced, said Rick Rainey, spokesman for Seaway operator TEPPCO.
Rainey said the average for the first quarter was 174,000 barrels per day. Thirty percent less than that is about 122,000 bpd. July nominations total about 164,000 bpd, he said.
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