Sentences with phrase «gulf coast refiners»

KXL would enable such producers to sell to US Gulf Coast refiners, at prices indexed to Maya / WTI rather than the lower - value Western Canada Select benchmark, generating a $ 20 / barrel price uplift.

Gulf Coast refiners» traditional sources of heavy crudes, particularly Mexico and Venezuela, are declining and are expected to continue to decline.

It argues that the Gulf Coast refiners invested heavily in processing capacity in order to benefit from price discounts on lower - cost heavier - grade crudes.

According to pipeline opponents, most of the petroleum products made from Keystone crude would be exported by Gulf Coast refiners to Europe, South America, and Asia rather than sold in U.S. domestic markets.

In addition, Markey knew Republicans could not support the ban without jeopardizing the long - term supply contracts that pipeline builder - operator TransCanada Corp. had negotiated with Gulf Coast refiners — contracts on which the project's commercial viability depends.

Canadian pipeline firms, oil sand producers and gulf coast refiners are some of the winners from the projects approval.

Clear winners are the gulf coast refiners based in the U.S. Oil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and WTI.

Canadian producers are an alternate source of heavy crude for U.S. Gulf Coast refiners.

The commercial case for the Keystone XL project, which would allow Gulf Coast refiners to access oil from lower - priced, landlocked markets such as Alberta, therefore, would potentially allow the U.S. to reduce their dependence on foreign oil — albeit by a small amount.

Crucially, much of that goes to the Gulf Coast, and nearly all of it is in the form of heavy crude, a type of oil for which Gulf Coast refiners are particularly equipped to handle.

The oil futures editor of the service noted that «U.S. inventory data will reflect post-Hurricane Harvey adjustments for another few weeks, at a minimum, as Gulf Coast refiners, terminals and ports continue the process of returning to normal.»

And according to those retellings, the president also noted that claims about the dire environmental impact of the proposed Keystone XL, which would bring oilsand crude to Gulf Coast refiners, are overblown.

Not exact matches

These developments raise the possibility that Canada's two leading pipeline companies will lose out to American rivals in the race to get fast - rising oil production from Alberta, Saskatchewan and North Dakota to higher paying refiners on the Gulf Coast, Asia and California.

Adding to the uncertainty is the volume of interest downstream from refiners on the Gulf Coast.

And while Hamm is supporting oil - related sanctions on Venezuela, U.S. refiners and Republican Senators from Gulf Coast states are actively lobbying against potential bans.

U.S. refiners, meanwhile, are sitting relatively pretty, especially on the Gulf Coast.

By linking Canadian fields to refiners in the Gulf Coast, the 1,200 - mile (1,900 - km) Keystone XL pipeline would be a boon to an energy patch where oil sands are abundant but that produce more carbon pollution than many other forms of crude.

Headquartered in San Antonio, Texas, Valero Energy Corporation is the world's largest independent petroleum refiner and marketer, supplying fuel and products with 16 refineries and 10 ethanol plants stretching from the U.S. West and Gulf coasts to Canada, the United Kingdom and the Caribbean.

In the Gulf Coast, refiners are building terminals to unload the oil.