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Bernstein Midstream speculates that the additional pipeline projects will bring the 2021 WTI-Brent differentials to less than $4 a barrel, which is way below the current curve of $6.50.
A Stratas Advisors analyst said closure of Enbridge Line 5 would cause a disruption of light crude oil supply to some of Eastern Canada.
Mont Belvieu price sags to a 40-month low as NGL slump continues.