With construction of its oil sands upgrader still stalled, Suncor has planned to sell unprocessed bitumen to refiners south of the border, where strong demand for Canadian heavy oil has sent prices soaring in recent months. For full story, click here
Refiners often have more Canadian heavy oil than needed, which increases the discount at which it sells. For full story, click here
Refiners often have more Canadian heavy oil than needed, which increases the discount at which it sells. However new pipelines are in the works that will allow producers greater access to the U.S. Gulf of Mexico Coast, where refineries are looking for additional heavy oil to offset declining supplies from Mexico. For full story, click [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Asian refiners could seek more heavy sour crude if there is further strengthening in the fuel oil cracks. For full news, click here
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