Seaway pipeline reversal: beginning of the end for negative WTI-Brent spread?


This week sees the start of the much talked about reversal of the Seaway pipeline, which runs from the delivery point for West Texas Intermediate (WTI) crude in Cushing, Oklahoma to Freeport, Texas. The reversal of the 500-mile pipeline has generated debate as to whether the oil market has hit a turning point that will eventually see the restoration of the WTI-Brent spread to more traditional levels.

Historically, WTI has had a $1–2 barrel premium over Brent due to its physical qualities. Howeve

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: