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U.S. Refiners Squeezed by Keystone Pipeline Shutdown

Bloomberg, November 4, 2019

Last week's shutdown of the Keystone oil pipeline following a spill in North Dakota threatens to squeeze an already tight market for heavy crude amid limited production from Alberta, lagging output from Mexico, OPEC production cuts, and sanctions on Venezuela. This could all potentially add up to increased costs for US Gulf Coast refiners as they seek alternative heavy crude supplies. 



 

Click here to read the full article from Bloomberg.


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