Sentences with phrase «heavy crude price»

Last week, Canadian heavy crude price differentials were weaker versus West Texas Intermediate.

Not exact matches

They argue that possible sanctions on the Venezuelan energy sector would harm the U.S. industry, and cause it to scramble for heavy crude supplies from elsewhere, which would result in higher fuel prices for consumers.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

But Alberta heavy oil is sometimes fetching as little as half the world price due to the competition from U.S. - produced shale oil and a shortage of pipelines to get the crude to the coasts and other refining markets.

Due to the conversion of some Midwestern refineries to heavy grades and improving pipeline access to heavy - grade refineries on the Gulf Coast, prices for these coarser crudes could in fact be on the way up.

Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty last traded at $ 15.65 below the WTI benchmark crude price, according to Shorcan Energy Brokers, compared with Tuesday's settle of $ 15.30.

First, it's important to always note that all oil is not equal — if you're looking at a WTI - WCS differential and getting really upset about it, keep in mind that you're conflating heavy crude in Alberta with light crude in Oklahoma — there are pricing differences due to location and quality involved.

Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.

Genscape oil analyst Carl Evans said that, even with crude prices below $ 50 (U.S.) a barrel over the past two years, heavy bitumen production in Canada's oil sands region has continued to grow.

CEO Steve Williams said the loss of production and ongoing effects of deeper discounts paid for western Canadian heavy crude were offset by higher prices for its offshore production, higher realized profit margins in its refining and marketing arms and lower feedstock costs.

The blowout in the price spread between Canadian heavy and U.S. light crude isn't narrowing substantially any time soon.

Commodity prices have remained at historically elevated levels, although persistent transportation bottlenecks are leading to continued discounts for Canadian heavy crude oil.

Nathan says high prices have made it increasingly economically viable to extract more unconventional forms of oil, in particular the asphaltlike tar sands (also known as oil sand, or extremely heavy crude oil) plentiful in northern Alberta, Canada.

During the first 11 months of 2009, for instance, the price of crude oil surged some 73 %, yet the S&P GSCI, with its heavy target weighting to oil, was a laggard — increasing just 46.88 %.

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.

TransCanada told Canada's National Energy Board that in the Midwest, its pipeline would «increase the price of heavy crude to the equivalent cost of imported crude,» which would provide Canadian oil companies with an added $ 2 - 3.9 billion in annual revenues.

Coal was cheap, but during the 1960s, coal prices were rising and oil prices were a bargain, particularly the heavy residual oil at the bottom of the crude oil refining process.