The Gulf Coast heavy crude pipeline will originate from a hub in Cushing, Oklahoma, and terminate at a delivery point near oil refineries in Nederland, TX. the refined oil will then be sent to Port Arthur, TX, one of few deepwater ports along Gulf Coast suitable for eceiving LNG tankers, for distribution. a 76 km. lateral piplein has aso been proposed as a separate project to take Cushing crude oil further to Houston area.
Oil slips on bearish U.S. inventory report, doubts over OPEC cut
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford