Canadian crude producer Imperial Oil has recently resumed shipping crude oil by ...
CALGARY, Alberta - Canadian crude producer Imperial Oil has recently resumed shipping crude oil by rail from its terminal in Edmonton, Alberta, because of a marginal improvement in rail economics, a company spokesman said on Tuesday.
“We have started a small amount of shipments that are economic under current conditions,” Imperial spokesman Jon Harding said in an email, declining to give exact volumes. Canadian crude traders say a discount of around $15 a barrel on Canadian heavy oil versus U.S. crude is generally needed to make rail economical, although that can be narrower depending on prices in the market the crude is destined for, and what transportation deals shippers have in place.
Analysts at TPH Energy Research estimate March volumes so far are in the 160,000-175,000 bpd range but said activity is picking up.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oman oil minister says excited to be part of Sri Lanka oil refinery projectOman oil minister Mohammed bin Hamad Al Rumhy said on Sunday he was excited to b...
Leer más »
Oman oil minister excited to be part of Sri Lanka oil refinery projectOman's oil minister said on Sunday he was excited to be part of a Sri Lanka...
Leer más »
U.S. buyers of Venezuelan oil sub in Shell, BP offshore crudeU.S. sanctions on Venezuela's oil industry have made winners out of Royal D...
Leer más »
China's ShFE launches crude oil futures index; plans more productsChina's Shanghai Futures Exchange (ShFE) will start on Tuesday publishing a...
Leer más »
Here's the one 'big, looming' threat facing the oil rally, commodity expert saysCrude oil prices are heading higher on a confluence of bullish tailwinds, but there are a few looming risks investors should be watching, says RBC oil expert Helima Croft.
Leer más »
Oil prices slide on concerns of sharp economic slowdownOil prices kicked off the week's trading with losses as concerns of a sharp...
Leer más »
Oil prices slip amid worries of severe economic slowdownOil prices slipped on Monday, with concerns of a sharp economic slowdown outweig...
Leer más »
Oil prices fall as markets brace for potential U.S. recessionOil prices dropped on Monday as concerns of a sharp economic slowdown outweighed...
Leer más »
Gasoline prices are rising following refinery fire, oil price increaseGasoline experts expect prices to rise about 10 cents a gallon after a refinery fire last week in the Los Angeles area.
Leer más »
The Trump Administration Can't Have It All When It Comes To OilSoon, Trump is going to have to chose between pursuing his foreign policy goals and ensuring low oil prices for Americans. He can't have it both ways in today's oil market.
Leer más »