WTI vs WCS spreadWhen ENB announced that Line 3 would be increasing the daily flow from 360,000 barrels to 620,000 barrels per day beginning Oct 1, the spread narrowed down under $12
ENB has said that Line 3 is going to start moving to its full capacity of 760,000 barrels next week but now the spread is over $16.
I thought that the increased egress was supposed to reduce the discount that Americans force on Alberta simply because they can.
I'm hoping that the oil guys that read this thread will shed some light on this.
TIA