Phrases with «synthetic crude»

Synthetic crude refers to a type of oil that is created by humans rather than being naturally found in the ground. It is produced by processing a mixture of various substances, such as bitumen or oil sands, to create a substance that closely resembles regular crude oil. Synthetic crude is used as an alternative to traditional crude oil, and it can be refined and used in the same way to produce gasoline, diesel, and other petroleum products. Full definition

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Sentences with «synthetic crude»

  • With the current price of synthetic crude oil sometimes dipping as low as $ 30 per barrel, a company that has paid off its infrastructure can still make a profit. (dirtyoilsands.org)
  • And in energy, high prices for synthetic crude and liquid natural gas mean producers are generating a lot of extra cash. (canadianbusiness.com)
  • Today, synthetic crude oil is trading, in Canadian dollar terms, at well over $ 60 per barrel — a healthy operating profit margin. (canadianbusiness.com)
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