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Oil shipments on the Seaway pipeline between the U.S. Midwest and Gulf Coast will run...

Oil shipments on the Seaway pipeline between the U.S. Midwest and Gulf Coast will run significantly below the 400K bbl/day capacity for the "foreseeable future," operator Enterprise Products Partners (EPD +1%) says. The line likely will ship and average of just 295K bbl/day between February and the end of May due to the mix of heavy and light crude flowing down the line.
Comments (3)
  • I wonder how different this is from the last few quarters? What has been the average bbl/day over the last 6 mos? This projection about 74% capacity through May.
    19 Feb 2013, 05:38 PM Reply Like
  • The pipeline in question was expanded from 150,000 to 400,000 in January. It was expected that it would immediately handle 400,00bpd when it went live, but there wasn't offtake capacity at the end of the line to handle that, so the flow had to be reduced.
    19 Feb 2013, 07:59 PM Reply Like
  • For the foreseeable future? WTI should come down, in theory. Refiners profits are in no danger.
    19 Feb 2013, 08:44 PM Reply Like
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