Thursday, July 12, 2012

When Will the WTI Discount to Brent Go Away

Soon I hope.  My portfolio is stuffed with Canadian oil producers and I don't like selling this product at a discount from the global price.

Interesting article points out the three coming solutions to get the oil out of Cushing:

Part 1 of the Seaway pipeline - 150k barrels from cushing
Part 2 of the Seaway - 400k barrels from cushing (early 2013)
Keystone Gulf Project - 700k barrels per day late 2013
Part 3 of the Seaway - 850k barrels from cushing (mid 2014)

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