RBN Energy: Update On Big Changes In Pipeline Routing

Wells coming off the confidential list today have been posted.

RBN Energy: the seven gates of hell for WTI crude oil traders.

By the end of this week (Friday January 11, 2013) Phase 2 of the Seaway Reversal pipeline project that delivers crude from Cushing to Houston is supposed to have come online - expanding pipeline capacity from 150 Mb/d to 400 Mb/d. Phase 1 of the project was eagerly anticipated by the market but since then (June 2012) the narrowing in price differentials between WTI Cushing and Brent expected by much of the market has not materialized. Today we explain why Seaway Phase 2 is only one factor in today’s complex US crude market evolution.

Another incredible and timely link. Especially in light of the PSX-GLP story just posted.

I still opine that one could get develop a college-level introduction course to oil production and marketing around the RBN Energy daily posts. They are really quite remarkable.