DALLAS, Texas (Bloomberg) -- U.S. Gulf crude is set to drop below international prices, after trading at a premium for the longest stretch in a year, as new pipelines bring additional supplies to the region. Enbridge Inc., Enterprise Products Partners LP and Plains All American Pipeline LP plan to start bringing oil from Canada, North Dakota and West Texas by the end of the year. That’s likely to push Light Louisiana Sweet, the benchmark for low-density, low-sulfur oil on the Gulf Coast, below Dated Brent, according to Turner, Mason & Co. It’s been at a premium since Sept. 22.
..»
New pipelines adding supply threaten U.S. Gulf crude oil premium
![New pipelines adding supply threaten U.S. Gulf crude oil premium]()
Reviewed by Crude Oil Facilitators
on
23:15
Rating:
No comments:
Post a Comment