Genscape's data is highlighted in yesterday's RBN Energy blog post, which discusses the switching from rail back to pipeline in North Dakota. Read on to find out why this is happening and what it means for you:
From the RBN Energy blog:
Data from Genscape showing rail terminal loading volumes in North Dakota and pipeline receipts into the Enbridge North Dakota pipeline suggest that shippers are switching barrels from rail back to pipeline this month (May 2013). The apparent switching follows a narrowing of crude price differentials between coastal destinations and the Midwest from $17/Bbl in April to less than $9/Bbl last week. Today we ask whether narrowing differentials are driving a reduction in crude by rail shipments.
The chart below shows Genscape North Dakota loading terminal data since the start of the year (blue shaded area) and rail terminal receipts at St. James, LA at the Plains and Nustar/EOG terminals (red shaded area).
Read the full post on RBN Energy...