Trafigura AG Has Started Shipments Through The New Cactus II Pipeline System. On Monday, prices were seen at a premium of about 20-25 cents a barrel to futures, dealers said. ENDS. Readers can also interact with The Globe on Facebook and Twitter . Visit: https://www.trafigura.com. “Thanks to our worldwide network, we can demonstrate to US producers a unique ability to place barrels with end customers around the world, from the Mediterranean to the Far East. Click here to subscribe. According to Trafigura, it “has utilised its access to these assets to become the largest exporter of US crude”. As Midland crude strengthens to a premium, traders also expect the arbitrage window to ship barrels to Cushing, Oklahoma, the delivery point for U.S. crude futures, to eventually shut.

Get started absolutely FREE in 2 minutes, no credit card required. (Reuters) - Global commodities trader Trafigura AG said on Monday it has started shipments of Permian basin crude to the Corpus Christi oil hub in Texas via the new Cactus II pipeline system. Trafigura signed a long-term agreement with pipeline operator Plains All American Pipeline LP last year to transport a total of 300,000 barrels per day (bpd) of crude and condensate on the pipeline. Trafigura signed a long-term agreement with pipeline operator Plains All American Pipeline LP last year to transport a total of 300,000 barrels per day (bpd) of crude and condensate on the pipeline. All quotes delayed a minimum of 15 minutes.
Welcome to The Globe and Mail’s comment community. instructions how to enable JavaScript in your web browser. Written By pipeline-engineer.com on Tuesday, August 13, 2019 | 8:19:00 AM, Expand Infrastructure for Growing Argentina Production, Grissik-PUSRI Open Access Transmission Pipeline Finally in Operation, Pertamina Was Alarmed Rokan Block Production Continues to Decline Like the Mahakam Block, Differences between API 5L PSL 1 and PSL 2. Email: enquiries@tanksterminals.com. Download our new brochure featuring our activities on the African continent. The company will be shipping full contractual volumes on the line, which has a capacity of 670,000 bpd. On Monday, prices were seen at a premium of about 20-25 cents a barrel to futures, dealers said. Trafigura AG Trafigura AG said on Monday it has started shipments of Permian basin crude to the Corpus Christi oil hub in Texas via the new Cactus II pipeline system.

On Monday, prices were seen at a premium of about 20-25 cents a barrel to futures, dealers said. The Cactus II Pipeline system extends from the Permian Basin to the Corpus Christi / Ingleside, Texas area and will have the ability to transport 670,000 barrels of crude oil per day. That means: Comments that violate our community guidelines will be removed. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD180.7 billion in 2018. With 80 offices in 41 countries, our network extends to every corner of the globe.

Save to read list Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. West Texas Intermediate (WTI) prices in Midland, Texas have strengthened to a …
Thank you for your patience. The Cactus II pipeline is the first of three large pipelines expected to start up this year from the Permian Basin, the biggest in the United States, and is expected to alleviate a bottleneck that had depressed regional prices for more than a year. As Midland crude strengthens to a premium, traders also expect the arbitrage window to ship barrels to Cushing, Oklahoma, the delivery point for U.S. crude futures, to eventually shut. LONDON/NEW YORK, Aug 12 (Reuters) - Global commodities trader Trafigura AG said on Monday it has started shipments of Permian basin crude to the Corpus Christi oil hub in Texas via the new Cactus II pipeline system. West Texas Intermediate (WTI) prices in Midland, Texas have strengthened to a premium compared with U.S. crude futures ahead of the pipeline’s startup. The Cactus II line is likely to see flows of about 300,000 bpd through August, and is likely to be near capacity by September, market sources have estimated. Impala Terminals, the independently managed multimodal logistics arm of the Trafigura Group, focuses on export-driven emerging markets. The Cactus II line is likely to see flows of about 300,000 bpd through August, and is likely to be near capacity by September, market sources have estimated. As Midland crude strengthens to a premium, traders also expect the arbitrage window to ship barrels to Cushing, Oklahoma, the delivery point for U.S. crude futures, to eventually shut.

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