Our friends at RBN Energy published an article this morning that notes pipeline flows have increased in May.
The increase in volume is likely the direct result of more narrow differentials on the East and West Coasts.
Enbridge's North Dakota pipeline system has been moving almost 50,000 b/d more than it has for most of the year.
Louisiana Light Sweet and Brent crude are both trading at premiums of less than $10 to WTI. That's after trading at premiums of ~$15 or more earlier in the year. Losing the differential means less can be gained by railing to areas not connected to pipelines.
Read the full article at rbnenergy.com