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ENB Market Currents
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Sunday 6:36 AM The Seaway pipeline yesterday started to transport crude oil from Cushing in Oklahoma to refineries in Huston following the completion of a reversal project. The new direction of the pipeline, which is owned by Enterprise (EPD) and Enbridge (ENB), should help ease the glut of crude at Cushing and reduce the spread between WTI and Brent prices.
8 Comments[Energy]
- Thursday 2:15 PM Enterprise Products (EPD) and Enbridge (ENB) confirm completion of the Seaway pipeline reversal, which will initially provide 150K bbl/day of capacity and is expected to surpass 400K bbl/day by Q1 2013. WTI crude, up as much as 1.2% earlier, now -0.4%. [Energy]
- Thursday 8:45 AM Enbridge (ENB) says it is moving ahead with $3.2B in pipeline expansions, mostly to send more crude oil from Canada and North Dakota to the U.S. Midwest and eastern Canada. The expansions include a full reversal of the Line 9 pipeline from Sarnia, Ontario, to Montreal, where crude oil produced in North America will replace imported crude. [Energy]
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at MarketWatch.com (Apr 20, 2012)
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at CNBC.com (Apr 5, 2012)
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at CNBC.com (Mar 29, 2012)
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at MarketWatch.com (Mar 27, 2012)
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at MarketWatch.com (Mar 22, 2012)
ENB Press Releases and Filings
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Business Wire (Thu, 1:03PM)
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Marketwire (Wed, 5:28PM)
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Marketwire (May 9, 2012)
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