Storage space on P66's Gray Oak now available

摘要

In response to falling oil prices,which were the result of the coronavirus pandemic and the Saudi-Russia price war,Phillips 66 Partners LP announced that it will offer storage capacity on its on its 900K-b/d Gray Oak pipeline.The offered space will be for WTI and West Texas Light(WTL)crude.A company spokesperson said in a statement,”In response to shipper demand,Gray Oak Pipeline is modifying its rules and regulations to accommodate on-system crude storage.Current events have significantly impacted demand for WTI oil,resulting in an urgent need for crude oil storage.”