Key U.S. Oil Flow Set to Reverse With Tanks Filling Up [Yahoo! Finance News]
Enterprise Products Partners L.P. (EPD)
Last enterprise products partners l.p. earnings: 4/29 06:00 am
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Source: Yahoo! Finance News
Bloomberg) -- In the latest sign that the oil market has gone off-kilter: crude oil is once again set to move from the U.S. Gulf Coast to Cushing, Oklahoma, reversing years of flows as tanks along the coast fill up.Enterprise Interstate Crude LLC, a subsidiary of Enterprise Products Partners LP, said in a filing to regulators Monday that it planned to start a temporary service using leased pipeline capacity after receiving interest from at least one shipper to move oil inland to America’s biggest storage hub. Enterprise plans to ship from its station in Katy, Texas, which is on its Seaway dual-pipe system, from May.The Houston-based midstream company will be offering dual-direction service on its Seaway Legacy crude pipeline until further notice using a connection to the Katy terminal, according to a person familiar with the matter. Use of this connection has varied month to month on its southbound flow, the person said. Seaway Legacy pipeline has a capacity of 400,000 barrels a day w
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EPD
Earnings
- 8/1/23 - Miss
EPD
Sec Filings
- 3/29/24 - Form 8-K
- 3/22/24 - Form 4
- 2/28/24 - Form 10-K
- EPD's page on the SEC website