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Sweet Crude
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Oral Hearings Begin for Enbridge's Line 3 Replacement Project
Dec 2, 2015Enbridge said it is still eyeing a 2017 start date for the largest pipeline project in company history as oral testimony began in Canada Monday over the Line 3 replacement project. Two weeks of testimony from the First Nations to Canada's ...
Tags: Enbridge's Line 3, pipeline
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Kazakhstan's CPC Blend Crude Oil at 23-Month Low Versus Dated Brent
Jun 23, 2014Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...
Tags: Crude Oil, CPC Blend crude
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April Shipments Also Rose 3% Month on Month, From 430,829 B/D in March
Jun 6, 2014Outbound shipments of Eagle Ford Shale crude and condensate through the Port of Corpus Christi rose to 445,615 b/d in April from 289,987 b/d in April 2013, the most recent data released by the port showed. April shipments also rose 3% ...
Tags: Crude Shipments, Eagle Ford
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Djeno and N'Kossa Are Set to Rise in July to a Total of 7.42 Million Barrels
May 30, 2014Loading volumes for Republic of Congo's two main crude oil grades -- Djeno and N'Kossa -- are set to rise in July to a total of 7.42 million barrels from 6.47 million barrels in June, according to copies of preliminary loading schedules ...
Tags: Crude Oil, medium-sweet crude
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Indications or Offer Levels for Angolan Crude Oil Cargoes in July Show a Mixed Picture
May 22, 2014Indications or offer levels for Angolan crude oil cargoes loading in July show a mixed picture compared with June, traders said Tuesday. Most offer or indications levels for Angolan crudes loading in July were either stable or higher ...
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3m Barrels of Abu Dhabi's Murban Crude Is Expected to Move Into The Mediterranean
May 21, 2014Nearly 3 million barrels of Abu Dhabi's Murban crude is expected to move into the Mediterranean in June, according to traders, as weaker demand in Asia and expectations of a bullish summer in the Mediterranean Urals market have attracted ...
Tags: Asian Demand, Murban crude
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Outbound Shipments of Eagle Ford Shale Crude Jumped to 430,829 Barrels/Day in March
Apr 28, 2014Outbound shipments of Eagle Ford Shale crude and condensate through the Port of Corpus Christi jumped to 430,829 barrels/day in March from 340,158 b/d in February, according to data released by the port. Shipments have been on the rise ...
Tags: Crude Shipments, Eagle Ford
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Refining Margins for Sweet Crudes Are out-Performing Margins for Sour Crudes
Apr 25, 2014Refining margins for sweet crudes are out-performing margins for sour crudes like Urals in Northwest Europe, Platts data shows, as lighter refined products have surged while heavier products have dropped. While cracking margins -- which ...
Tags: Sweet Crude, Gasoline
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Low-Sulfur Crude Grades in The North Sea Have Dropped
Apr 4, 2014Low-sulfur crude grades in the North Sea have dropped to more than four-month lows on differentials versus Dated Brent on pressure from competing grades in the Mediterranean. On Tuesday, Norwegian North Sea crude grade Ekofisk hit a ...
Tags: Low-sulfur crude, refinery, crude
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US Crude Production Will Average 8.39 Million B/D in 2014
Mar 13, 2014With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...
Tags: US Refinery, Domestic Production, light oil
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Cold Winter Conditions Have Hampered Well-Completion Activity in The US
Mar 13, 2014Cold winter conditions have hampered well-completion activity in the US, prompting the Energy Information Administration to revise downward its projections of US crude output for this year. The EIA, in its March Short-Term Energy Outlook, ...
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The Fuel Oil Physical Hi-Lo Came off a 17-Month High Tuesday Morning
Mar 6, 2014The fuel oil physical hi-lo -- the premium of 1% FOB Northwest European cargoes over 3.5% FOB Rotterdam barges -- came off a 17-month high Tuesday morning, having surged $12.75/mt to $62.75/mt Monday on fears Russia may stop or reduce gas ...
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Light, Sweet Crude for April Delivery Rises 76 Cents to $102.59 a Barrel
Feb 28, 2014--Light, sweet crude for April delivery rises 76 cents to $102.59 a barrel --Overall inventories grow less than expected --Continued supply reductions at key U.S. delivery point U.S. oil prices rose Wednesday after weekly U.S. ...
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BP Has Started up Its US Gulf Deepwater Na Kika Phase 3 Oil Project
Feb 26, 2014BP has started up its US Gulf deepwater Na Kika Phase 3 oil project, the company said Monday. The first Na Kika well began producing oil February 19, with another expected to start in the second quarter. The full Na Kika Phase 3 project ...
Tags: Oil Production, Mineral
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Frigid Weather in U.S. Would Boost The Demand for Heating Oil
Feb 10, 2014Oil prices rose sharply Friday on speculation that frigid weather in U.S. would boost the demand for heating oil. The impact of cold weather on demand is the focus of market. It was reported that last month was the coldest January since ...
Tags: Oil Prices, Mineral
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