Sentences with phrase «discount on crude»

enezuela has offered India a 30 - percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves.

As a result, the Venezuelan government is looking to offer India a 30 percent discount on its crude oil if it pays in Petro.

As the oil sector becomes increasingly focused on margins, Parex benefits from the low costs in that country, without the market access problems that impose a discount on crude prices in Western Canada.

Not exact matches

With the ability to refine and upgrade crude in Canada and 75,000 barrels per day of committed capacity on the existing Keystone pipeline, Husky says it can grow its heavy oil production without exposure to the WCS - WTI discounts until at least 2021.

The incident might result in restrictions on using rail to transport oil, which could increase the price discount for Canadian crude.

By comparison, the average discount paid for Western Canadian Select oilsands blend crude from Alberta in the fourth quarter was US$ 12.26 per barrel and it has since spiked at times to around US$ 30 per barrel, a trend also blamed on constrained pipeline access.

U.S. crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.

Brennock said U.S. imposed sanctions on the oil - dependent state's crude industry would force Caracas to offer steep discounts in a desperate search for new buyers and also leave the country reeling with the prospect of supply restrictions of vital diluents.

Notley and Bilous have said the Trans Mountain expansion is critical because Alberta's crude oil sells at a sharp discount on the North American market due to pipeline bottlenecks and to a lack of access to a better price on overseas markets.

Monthly demand fluctuates based on the discount for western Canadian crude versus the U.S. benchmark.

This, after a year of flatter growth and considerable volatility in the commodity markets, marked by continued discounts on Canadian crude and low gas prices.

Suncor said that while the discount Canadian producers face nearly doubled in the first quarter compared with last year's quarter, it had no impact on the company's earnings or cash flow, as low crude prices were offset by better midstream and downstream returns.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

However, world oil stockpiles are finally dissipating, with the discount narrowing on immediate supplies of Brent crude, a clear indication that surplus is fading.

In 2009, that relationship began to reverse, and through 2011 and 2012, light oil at Edmonton traded at massive discounts to similar crude streams on global markets — an average of $ 22.83 / bbl in fiscal year 2012 - 2013, as shown in the blue wedge at the top of the graphic below.

Husky Energy Inc. on Thursday became the second big oilsands producer to say that it throttled back first - quarter production in response to steeper discounts for Canadian crude.

That would place further constraints on oil producers that have already faced steep discounts on their heavy crude as Canada's pipeline system nears capacity, forcing more barrels to move by rail.

The pipeline will provide access to cheaper oil and likely help reduce the discount level on oil from Northern geographies, that Bakken and Canadian heavy crude trade at.

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.

discounting the final consumption phase of the life - cycle assessment (which can contribute up to 70 % -80 % of Well - to - Wheel emissions), Well - to - Tank (i.e., «production») GHG emissions are, on average, 72 % -111 % higher for Canadian oil sands crude than for the weighted average of transportation fuels sold or distributed in the United States;

By the way, just because PADDII refiners have had access to deeply discounted crude because of recent logistics constraints (on crude), this doesn't mean product prices would be cheaper.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»