US Enterprise, Enbridge reverse flow of Seaway oil pipeline  17
May 2012 19:23  [Source: ICIS news]  HOUSTON (ICIS)--US-based
mid-stream company Enterprise Products and Enbridge have
finished reversing the flow of the Seaway oil pipeline, allowing
crude to flow from the over-supplied storage hub in Cushing,
Oklahoma, to the US Gulf coast, the nation's petrochemical hub,
the companies said on Thursday.  The first flows of crude should
happen by this weekend, the company said.  The reversal will
initially provide 150,000 bbl/day of capacity, the companies
said. That should rise to more than 400,000 bbl/day in the first
quarter of 2013.  The reversal could reduce the price gap
between West Texas Intermediate (WTI) crude and pricier crude
grades used on the Gulf coast and east coast. WTI was discounted
because it was trapped at the Cushing hub. Meanwhile, other
crude grades, such as Louisiana light sweet crude, took pricing
cues from the more expensive Brent crude.  The advent of shale
oil also contributed to the