Cushing oil storage glut causes concern for producers
The heads of two oil and natural gas industry groups on Thursday pressed Oklahoma regulators to figure out if crude oil produced in the state is selling at a fair price in light of the glut of oil in the storage hub at Cushing.
Domestic Energy Producers Alliance President Mike Cantrell said there is too much oil coming into Cushing.
“It’s turned Cushing into a liability when it used to be an asset,” he said....
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