MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Increase Demand for Barges after Capacity Reduction on Zydeco Pipe

OIL

Reduced capacity of the Shell-operated Zydeco oil pipeline has prompted traders to seek barges to send crude from Houston and Nederland, Texas, to the eastern US Gulf, according to Bloomberg sources.

  • The Zydeco oil pipeline from Houston to Port Neches, Texas, is operating at reduced capacity until mid to late December.
  • Capacity reduction on the line has supported prices for some US physical crude grades leading to higher than normal demand for barging of domestic crude along the Gulf Coast.
  • LLS was yesterday trading at a 9$/bbl premium to Nymex WTI futures, the highest level since April 2020.
USEnergy BulletsCommodities
USEnergy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.