Guernsey Bottlenecks and the $100 Brent Rebound
Brent crude rebounds past $100 amid Strait of Hormuz transit risks, driving a wide Brent-WTI spread that pulls inland barrels toward the Gulf Coast. We break down severe pipeline apportionment bottlenecks at Guernsey and what it means for Rockies, Bakken, and Canadian crude netbacks.
The skinny
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