Northeast supply stress

04/16/2012
Logistical constraints threaten to aggravate new oil supply stress possible this summer in a part of the US not known for learned patience where fuel prices are concerned. For the oil industry, the timing is unfortunate. The problem area is the Northeast, where refinery closures have trimmed locally available product supply and another closure is possible. Now questions have arisen about the ability to move replacement supply in sufficient amounts into the stricken region from elsewhere in the US. The US Energy Information Administration is following developments. In February it warned of trouble if Sunoco closes its 335,000-b/d refinery in Philadelphia. The company is exiting the refinin...
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