Crude-by-rail to continue throughout July amid Permian crude discounts

07/7/2014 | Bloomberg Businessweek

Rail transportation of crude oil from the Permian Basin is expected to continue since oil output from the region is exceeding pipeline capacity and crude prices have fallen to the largest discount of $11.50 since March. "What we're hearing right now is the forecast for at least through July, volumes are going to continue to move out of the region by rail," said Bruce Carswell, West Texas operations manager for Iowa Pacific Holdings.

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