Gainesville, GA - May 23, 2017
On Monday, the BP’s Olympic Pipeline was shut down for scheduled maintenance. The pipeline transports diesel fuel from numerous refineries in Blaine, Washington down to Portland, Oregon. Maintenance was supposed to begin in February, but was delayed until April. BP expects the pipeline to resume operations on April 15.
By Tuesday, local diesel supply began to tighten as suppliers began cutting off allocations to preserve contracted volume. Rack prices in Seattle and Portland have begun rising. Basis, or the difference between local OPIS average prices and NYMEX prices, has risen 5-6 cents in each market. Supply on the east side of Washington is fed by the Yellowstone Pipeline, which has not been affected by the Olympic outage.
Mansfield’s supply team is monitoring the situation and will provide an update if there are changes related to this outage.
About Mansfield Energy Corp:
For 60 years Mansfield has been creatively solving commercial, industrial, and municipal customers’ most demanding energy procurement, supply, and logistics challenges. Today, the company provides energy commodities and related services to 6,000 customers in 18,000 locations across the U.S. and Canada. The company’s expertise covers a broad range of transportation and facilities energy from traditional petroleum products, CNG, renewable fuels, and specialty chemicals to power and natural gas. Mansfield employees are committed to their customers’ success, abiding by five core principles - Integrity, Excellence, Conscientiousness, Innovation, and Personal Service. The company is headquartered in Gainesville, GA (just north of Atlanta) with regional operations centers located in Chicago, Dallas, Denver, Houston, Los Angeles, Minneapolis, Bloomington, MN, and Calgary, Alberta Canada.
For more information about Mansfield, call 800-695-6626, or visit our website at http://mansfield.energy.