July 2016, Vol. 243, No. 7
Features
Tracking Pipeline Production and Inventories
Since the collapse of oil and gas prices after August 2014, North American pipeline companies have been under pressure to cut costs. For example, Cushing marketplace pipeline earlier this year dropped its already discounted rate for shipping light crude, by another 10% to $2.50 a barrel. The Alerian Energy Infrastructure Index, a composite of 50 North American energy infrastructure companies engaged in pipeline transportation, processing and storage of energy commodities, has declined steadily since summer 2015, reflecting pressure on pipeline company margins and, currently pipeline companies are either reducing distributions or threatening to do so. For example, Kinder Morgan, the largest,
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