GREY:VFGGF - Post by User
Post by
spastic121on Feb 19, 2013 12:40pm
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Post# 21010573
Everything getting hit.
Everything getting hit. Enterprise Products Partners LP said Seaway isn’t able to move planned volumes of 400,000 barrels a day.
Traders were counting on the pipeline to reduce a historic supply glut at Cushing, Oklahoma, where Nymex futures are delivered. U.S. oil output rose 67,000 barrels a day to 7.06 million in the week ended Feb. 8, the most since December 1992, the Energy Information Administration said Feb. 13. A combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies trapped in shale formations.
From Bloomberg