This Week In Petroleum - Jan. 16, 2013
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THIS WEEK IN PETROLEUM REPORT RELEASE – January 16, 2013
Upcoming Pipeline Capacity Additions Will Facilitate Continued Growth in Crude Oil Shipments from Midwest to Gulf Coast
Continuing growth in U.S. crude oil production is causing significant changes in the way crude oil moves within the United States. The Midwest (PADD 2) has been one of the major sources of this production growth, especially from the Bakken formation in North Dakota. Pipeline flows from PADD 2 to PADD 3 will increase over the next two years as several major pipeline projects, starting with the Seaway Pipeline's current capacity expansion, are completed.