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