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 oil’s largest market Kay Cashman Petroleum News
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.
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More than half full All safely anchored
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