In the US, the startup of Energy Transfer Partners (ETP) 520K-b/d Dakota Access Pipeline (DAPL) has pushed Bakken crude to a 10¢/bbl premium to WTI at Guernsey, WY (US), the first time Bakken has traded at a premium to WTI in WY since 2015. Increased shipments of Bakken crude south via DAPL have left less volumes available to move west to Guernsey via Kinder Morgan's Double H line, as well as the Belle Fourche and the Enbridge Platte pipeline. From Guernsey it can move south and east via pipe to Cushing, OK and Wood River, IL, or south and west to Colorado and Utah.
Jenna Delaney, an analyst with Platts Analytics' Bentek Energy, said "During the 2014 to 2016 timeframe we saw quite a bit of pipeline capacity added in PADD IV, which was followed shortly after by production falling in both the DJ and Bakken due to lower prices. This has resulted in the overall pipeline system in PADD IV being utilized at around 50% over the past year. Then, you throw Dakota Access on top of that, and even more barrels are diverted away from Guernsey. With so much spare takeaway capacity available, it's not surprising that differentials have compressed." (Aug 3)
XOS has announced the worldwide release of Petra MAX™, a new D4294 analyzer with combined analysis of 13 elements from P to Zn. For more information, visit here
OMMICA™ from LUX Assure can save time and money with simple, onsite methanol analysis. For more information, visit here
Improve crude diet flexibility and increase your profits with the Baker Hughes Crude Oil Management™ approach—a proactive way to overcome the processing challenges of different crude blends. For more information, visit here
Baker Hughes' TOLAD™ cold-flow additives enhance the low-temperature handling properties of biofuels, petroleum fuels, residual oils, and crude oils. For more information, visit here
Maxxam Analytics' offers services to predict and measure viscosity of crude oil blends. For more information, visit here