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BP Prudhoe Bay Royalty Trust Message Board

  • m20m75ph m20m75ph Jan 17, 2014 2:41 PM Flag

    WTI vs Brent

    My apologies again for the misstatement earlier this week about BPT and Brent pricing. I have a small BPT position and don't follow it closely enough. But, since the California producers, like BBEP and ROYT get Brent for their crude, how is it that BPT has to settle for WTI? I tried to figure it out but couldn't. What I did learn is that the oil leaves Valdez by Jones Act tanker and goes to the refineries in the Puget Sound. Looking at some pipeline maps, I see some pipes getting to the Seattle area - is this the reason for the WTI prices? Why not just continue the tanker on down a bit more to either the SF or LA refineries and get Brent?

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BPT
92.32Sep 22 4:02 PMEDT

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