Baker & O'Brien Releases Fourth Quarter 2021 Edition of Refining Industry in Focus - U.S. Refining Margins Holding Steady
Special Topic: Capline - Opening up a Houston Bypass for Southern Louisiana Refiners
February 16, 2022
Baker & O’Brien, Inc.’s 2021 Q4 PRISM™ update shows that in 2021, Q4 refinery margins held steady following a period of recovery over the first three quarters of 2021. Our Special Topic looks at the recent reversal of the U.S. Capline pipeline from Patoka, Illinois, to St. James, Louisiana. This reversal closed the door for moving coastal and waterborne-imported crude oils to the Central U.S. and opened a more direct pathway for Bakken and Canadian crude oils to flow into Louisiana and oil refineries located on the lower Mississippi River.
The complete newsletter can be found here: U.S. Refining Industry in Focus - February 2022