Enterprise Products Partners is opening the northbound capacity of its Seaway pipeline, offering U.S. oil producers struggling to place their oil near the Gulf Coast to ship their barrels to the primary storage hub at Cushing, Oklahoma. “Given the current turmoil in the crude oil market, including impacts on both refinery and export demand, there is strong market interest to access the Cushing storage market,” the pipeline operator said in a filing with the U.S. Federal Energy Regulatory Commission (FERC) this week, as carried by Reuters. The Gulf Coast-Cushing oil flow would have been an unusual occurrence just a year ago when the Seaway pipeline was mostly carrying oil in the other direction-from the inland to the U.S. Gulf Coast refineries and export terminals. The Seaway pipeline was expanded with a southbound flow from Cushing to the Gulf Coast in 2012 when rising U.S. production meant more oil needed […]