Tough competition for Alaska crude
14 of the 20 tankers at the Los Angeles and Long Beach ports are anchored indefinitely at the gateway to ANS oilís largest market
The recent softness of Alaska North Slope crude prices is indicative of more competition in the U.S. West Coast market where most Alaska oil is sold, including competition from Saudi Arabia, combined with falling demand due to the coronavirus pandemic, which has stifled worldwide economic activity.
[additional news subjects in this story]
More than half full
All safely anchored
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/30/2020)
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.