"Good news for all North American oil producers": The spread between Brent crude and WTI will...

|By:, SA News Editor

"Good news for all North American oil producers": The spread between Brent crude and WTI will collapse as the reversed Seaway pipeline is completed and expanded, Canadian National Resources (CNQ) President Steve Laut predicts. The spread should equal the ~$4/bbl cost of shipping on the line upon completion in 2013, Laut says. (earlier)