PB...Midland
I wonder if the Midland - Cushing discount is falling with the falling prices, making Midland oil prices more stable.
https://www.energyandincomeadvisor.com/widening-discount-between-wti-midland-and-wti-cushing/
Aug 2014
Only wondering at this point.
Midland prices should have started lifting relative to Cushing, which would slow/offset falling local prices.
New pipelines to end Midland crude discount in coming months, analyst says
http://fuelfix.com/blog/2014/09/30/new-pipelines-to-end-midland-crude-discount-in-coming-months-analyst-says/
September 30, 2014