Tuesday, November 17, 2009

Colonial Pipeline Limits Rbob on Excess Orders

Nov. 17 (Bloomberg) -- Colonial Pipeline Co., which operates the largest pipeline linking U.S. Gulf Coast refiners and East Coast markets, will limit shipments of gasoline because orders exceeded the company’s ability to deliver fuel on time.
The Alpharetta, Georgia-based company issued the requirement, known as an allocation, in a bulletin to shippers for the 67th cycle. The restriction applies to shipments on Colonial pipelines running north of Collins, Mississippi.
Companies will be able to ship a pro-rated portion of their original nomination, based on their shipping history over the past year, according to Colonial."

The  67th cycle is the first cycle for Nymex delivery in December.

No comments:

Post a Comment