Crude oil inventory levels aren’t the only thing in a constant state of flux at the crude storage hub in Cushing, OK. A year ago, we blogged extensively about Cushing’s major players, storage assets and incoming and outgoing pipelines, as well as plans for new pipes that highlight the hub’s continued significance, even in an increasingly Permian- and Gulf Coast-focused energy sector. A lot has changed since then, though. Some pipeline projects into and out of Cushing have advanced to final investment decisions (FIDs), while others have floundered or foundered. Also, brand-new pipeline projects have been announced, as was a big acquisition that will make Energy Transfer a major player in Cushing storage. Today, we begin a short series on recent developments at the Oklahoma oil hub and how they reflect changes in the ever-evolving U.S. energy markets.
That Was Then, This Is Now – An Update on Cushing-Related Crude Pipeline Projects
