White Paper: Cushing, Houston Battle for Crude Dominance

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Cushing, Oklahoma has been the center of the US oil pricing universe since 1983 when the New York Mercantile Exchange (NYMEX) began trading a crude futures contract and selected Cushing as the delivery point.

But the transformation of the US Gulf Coast into a major oil export hub has generated lots of debate about the existing pricing system. Could Cushing’s decades-long run soon be over?


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