Analyst: oil will hit $150 despite IEA release of SPR oil, this year due to unrest in Africa.
The Street: "oil prices roar on bullish reports."
Enbridge thinks about shipping oil to eastern Canada -- again.
Enbridge Inc is in talks with refiners and Western Canadian oil producers about establishing new pipeline access to Eastern refineries in a revamp of a concept it floated three years ago, an executive said on Wednesday.
The idea is to ship light crude oil to refineries in Quebec and beyond, which pay higher crude costs due to the wide pricing spread between oil on the Atlantic Coast compared with Western Canadian supply, said Richard Bird, Enbridge's chief financial officer.
Comment: this story plus the IEA's recent panic-release of the SPR suggests refiners are having more and more difficulty getting enough of the "right kind" of oil to their sites.
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