Large volume transactions (from 25,000 barrels to full tankers of petroleum products) bought or sold for a stipulated delivery in the near future. Although this market might entail several pipeline or waterborne transaction points in the Texas and Louisiana area, unless specified otherwise, it reflects the delivery of the product the same month at a Pasadena, Texas, origin on Colonial Pipeline. Gulf Coast barrels can also move into the Midwest via the TEPPCO Enterprise Pipeline.
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