Petroleum News
By Wesley Loy
Normally Alaska North Slope crude oil flows one way — south,
toward refineries on the West Coast.
In recent weeks, however, something odd has happened. Tankers have returned
to the terminal at Valdez still partially laden with Alaska oil. Usually, the
tankers come back empty.
So what’s behind this curious trend?
It appears to be a mix of oil inventory management decisions, cost
considerations and reduced capacity at some West Coast refineries.
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