Gulf Coast Oils Weaken Against WTI on Seaway Expansion
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Gulf Coast oils on the spot market weakened to four-month lows as flows on the Seaway pipeline resumed at expanded rates to send as much as 400,000 barrels of crude a day to the Houston area.
The 500-mile (805-kilometer) line running from Cushing, Oklahoma, to Freeport, Texas, has restarted after shutting Jan. 2 to complete the final connections necessary to expand capacity from 150,000 barrels, as Enterprise Product Partners LP and Enbridge Inc. said in a statement.