Source: Valero may soon purchase cheaper crude for Okla. refinery

10/6/2010 | Reuters

The completion of Blueknight Energy Partners' Eagle North pipeline reactivation will allow Valero Energy to secure cheaper crude from the storage hub in Cushing, Okla., to use at its refinery in Ardmore, Okla. "Oklahoma crude production is not going up and there are attractive discounts at Cushing, so it would make sense for [Valero] to buy from Cushing if possible," according to a source.

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