Just after the NDIC reported another daily crude oil production record,
Bloomberg reported this:
Nominations for Enbridge Inc.’s Line 81, which can carry
210,000 barrels a day from North Dakota into Clearbrook,
Minnesota, exceeded capacity for the first time this year for
July shipments, Larry Springer, a Houston-based spokesman, said
by e-mail.
Bakken crude priced in Clearbrook weakened by $1.75 to a
discount of $3.50 a barrel against WTI at 12:13 p.m., according
to data compiled by Bloomberg. It’s the widest discount since
June 5.
Yes, I know there is more than enough take away capacity for Bakken production. Obviously some operators were looking to ship oil by pipeline rather than rail.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.