Tar-like crude trades at a discount to lighter varieties
The tar-like crude trades at a discount to lighter varieties. That wasn’t a problem in July, when benchmark oil prices climbed above $147 a barrel, but after prices slid by more than $100 a barrel in the months that followed, some heavy oil producers are beginning to feel squeezed.
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Tue, Feb 3, 2009
Post by Melissa Pistilli, Heavy Oil Senior Reporter