Flashback: June 12, 2013, from Bloomberg via Clearbrook Newsire:
Bakken oil priced in Clearbrook was unchanged at a premium of $15.69 a barrel more than the Plains Marketing LP posted price for Williston Basin Sweet Crude at 4:12 p.m., according to data compiled by Bloomberg. It’s the highest level since Dec. 20.
The spread between the two prices had narrowed in recent months as producers loaded oil directly onto trains headed to refineries on the East, West and Gulf coasts, where waterborne crude is more expensive. About 71 percent of Bakken oil was transported by rail in March, compared to 20 percent by pipe, according to the North Dakota Pipeline Authority.
No comments:
Post a Comment