The state of Washington’s legislature has been contemplating a bill that would require all oil delivered to the state’s refineries to be shipped with a vapor pressure below 9 psi. It’s a big deal for North Dakota oil producers because a lot of our oil goes west, and we don’t require vapor pressure to be that low.
The bill has passed the Washington House of Representatives, but with a new clause that would see it take effect only if the refiners off-load 10% more crude than they did in January of 2018. Get the full story from S&P Global in the link below.
