from where it is distributed locally or pumped to other Northeastern markets all the way to the New York Harbor. It is one of two mainlines on the more than 5,500-mile Colonial pipeline system.

"In 2024, crude producers, refiners and exporters moved more of their pricing and hedging away from a WTI Cushing Basis to ICE Midland WTI (HOU), while price reporting agencies have launched new ...