Enterprise Won't Add Permian Line
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Teague news.
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new crude oil lineReuters
•Enterprise Products not considering new Permian oil pipeline, says co-CEO
79% Informative
A wave of consolidation in the top U.S. shale field has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by overproducing.
Teague also said that Enterprise continues to advance its proposed deepwater oil export project, Sea Port Oil Terminal .
Multi-year regulatory delays, loss of commercial backers and slowing production growth have slowed projects.
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