Record Gulf Coast STocks

In the eight weeks since January 24, 2014 crude oil stocks in the Gulf Coast region grew by 34 MMBbl to reach record levels. Much of the crude pouring into the Gulf Coast is coming by pipeline from Cushing where stocks have been draining over the same period. In addition the Gulf Coast is receiving increased domestic and Canadian supplies from the Midwest via waterway and rail as well as by pipeline from the Permian Basin and by pipeline and barge from the Eagle Ford. Existing Gulf Coast infrastructure is being strained by the challenge to stage crude supplies to area refineries. Today we describe increasing flows of crude into the Gulf Coast region.