Storage Concerns Spill Over Into US Products Market

摘要

Concerns are growing about tight storage capacity for refined products in the US Northeast - and for diesel in particular - as mild winter temperatures and low prices for immediate delivery encourage storage of products for sale at a later date. At the New York Harbor - the pricing point for the Nymex ultra-low sulfur diesel (ULSD) contract - utilization of storage tanks is close to 80%, the figure that experts generally recognize as maximum operational capacity for practical purposes.