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Commodities Briefing - Categorized | Oil, Price Watch more

Here’s why oil prices might rise in 2014

Posted on 16 December 2013

Over the past few years a glut of oil has built up at Cushing, Oklahoma, which has depressed West Texas Intermediate, or WTI, oil prices. Midstream companies saw a major opportunity open up in front of them, and TransCanada was one of those players who decided to act.
If at first you don’t succeed: At first, TransCanada tried to build the massive Keystone XL pipeline, which failed to win regulatory approval. Because the proposed pipeline crossed over the border, TransCanada got caught up in red tape. This pipeline operator doesn’t just stop when a roadblock is thrown in its way, however, and it is trying to work around the obstacles………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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