Buckeye Partners, L.P. (BPL) announced that it has signed an agreement with ConocoPhillips (COP) to purchase three refined-product storage and distribution terminals and two refined-product pipelines and associated storage tanks in the Chicago and St. Louis areas.
Buckeye noted that this acquisition of assets will give greater access to important markets and refinery operations in the Midwest, and expects resulting improvement in asset utilization and identified organic growth projects to increase distributable income to its partnership unit holders.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.