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Enterprise Products Partners (EPD +1.4%) and Enbridge (ENB +0.1%) say the expansion of the newly...

Enterprise Products Partners (EPD +1.4%) and Enbridge (ENB +0.1%) say the expansion of the newly reversed Seaway oil pipeline is nearing completion and expect it to resume operations at full rates by the end of next week. The expansion is set to boost capacity of the pipeline from the Cushing, Okla., storage hub to 400K bbl/day from 150K.
Comments (3)
  • rjj1960
    , contributor
    Comments (1370) | Send Message
     
    Seems like some good news for the battered Canadian oils like CNQ,SU,IMO,CVE.
    3 Jan 2013, 12:00 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2509) | Send Message
     
    Anything that reduces the storage glut in Cushing is good for prices.
    3 Jan 2013, 12:08 PM Reply Like
  • metal27
    , contributor
    Comments (447) | Send Message
     
    Reducing the WTI/Brent spread is good news for everyone but Midwest refiners.
    3 Jan 2013, 12:52 PM Reply Like
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