Patoka Hub Gains Stature… RBN Energy – Commodity Research Group

March 5, 2021 by Jim Colburn Leave a Comment

The excellent RBN Energy discusses the outlook for the Pakota, Illinois crude oil hub, here…

”The crude oil hub in Cushing, OK, is larger and grabs the headlines, but don’t you forget about the Patoka hub in south-central Illinois. It plays critically important roles in receiving Western Canadian, Bakken, and other crude, distributing it to a slew of Midwestern refineries, and directing oil south to the Gulf Coast on the Energy Transfer Crude Oil Pipeline to Nederland, TX — and soon on Capline to St. James, LA, when reversed flows on that large-bore pipe begin in early 2022. Better still, there are great stories behind the development of the Patoka storage and distribution hub and how it works. Today, we begin a series on the second-largest crude oil hub in PADD 2 and why, with the upcoming Capline reversal and other changes, the hub is more relevant than ever.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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