Both New England terminals linked to the US' 1 million-barrel heating oil stockpile were fully operational Tuesday, despite the passage of Hurricane Sandy, according to a spokesman for the Department of Energy, which oversees the reserve.
The DOE has not received any requests to borrow ULSD from the Northeast Home Heating Oil Reserve, a DOE spokesman said.
"The heating oil terminals took a number of precautionary steps to prepare for the storm, including assuring the tanks had minimum volumes to hold them in place, securing all terminal equipment, and suspending marine and truck operations when conditions deteriorated," the spokesman said on the condition that he not be named.
The government stockpile is split into two 500,000-barrel reserves, one at Hess' terminal in Groton, Connecticut, and the other at Global Companies' terminal in Revere, Massachusetts.
"Preliminary reports indicate that several refiners have weathered the storm and expect to be back online quickly," the DOE spokesman added. "DOE continues to monitor the situation closely for potential shortages."
