Permian prices stabilize: WTI Cushing-Midland differential drops to 12-month low

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On 19 November 2014, the WTI Cushing-Midland spread for month-forward crude stayed below US$1 for the first time in the last 12 months. This is a significant decrease from the spread high of US$20 just three months ago. Increasing takeaway capacity from Midland is driving this change as the Sunrise pipeline is expected to come on-line in December, adding 250,000 b/d of capacity to transport crude from Midland to Colorado City.

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    Permian prices stabalize: WTI Cushing-Midland differential drops to 12 month low

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