U.S. Gulf Coast Crude Premiums Rose 15 Cents
Bloomberg reported that U.S. Gulf Coast crude premiums rose after the difference between West Texas Intermediate and Brent widened.
Heavy Oil Market News Directory
Canadian Heavy Oil Prices Continue to Drop
Reuters reported that refinery incidents in the US and Canada have contributed to a drop in Canadian heavy oil prices by heightening the effects of an already oversupplied market.
Canadian Heavy Oil Prices Pressured by Sarnia Incident
Reuters reported that unscheduled maintenance on a processing unit at Imperial Oil Ltd.'s (TSX:IMO) Sarnia, Ontario refinery is pressuring Canadian heavy oil prices.
Canadian Natural Resources: 2012 Q1 Profit Rose 9 Times
Reuters reported Canadian Natural Resources (NYSE:CNQ) 2012 first-quarter profit skyrocketed 9 times after light and heavy oil sales surged 5%.
Pemex’s First Quarter Profit Surged 33.9 Billion Mexican Pesos
Reuters Africa reported Pemex's first quarter profit surged 33.9 billion Mexican pesos ($2.65 billion).
Husky Energy Updates on its Western Canadian Heavy Oil Upgrader
Reuters reported that Husky Energy Inc (TSX:HSE) plans to taken downi its Western Canadian heavy oil upgrader for minor maintenance.
Encana Corp, Nexen, Cenovus Energy: Q1 Earnings
Reuters reported that Encana Corp (NYSE:ECA), Nexen Inc (NYSE:NXY), Cenovus Energy Inc (TSX:CVE) announced their first-quarter earnings.
Hess Corp’s Bakken Field Oil Output to Fall Short of its 2012 Target
Reuters reported that Hess Corp's (NYSE:HES) oil output from the Bakken field will fall short of its 2012 target.
U.S. Gulf Coast Oil Premiums Dropped
Bloomberg reported that U.S. Gulf Coast oil premiums dropped after the gap between West Texas Intermediate and Brent crude narrowed 20 cents.
U.S. Gulf Coast Oil Premiums Surged
Business Week reported U.S. Gulf Coast oil premiums surged after the difference between West Texas Intermediate and Brent crude widened.
