Energy Market Commentary // Oil

West Texas Sour (WTS) Price Drivers

July 30, 2019 |
West Texas Sour (WTS) in the Permian has been trading at a premium of $0.16/bbl YTD 2019 to its lighter counterpart, WTI Midland. This is a reversal of standard relationships between light sweet crude and intermediate sour crude which...
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Canadian Curtailments and Crude by Rail

June 20, 2019 |
On Tuesday, the Trans Mountain pipeline expansion, a pipeline project that would carry an additional 590 Mb/d of crude oil from Edmonton, Alberta to Burnaby, British Columbia, outside of Vancouver, was approved by the Canadian federal government. Once completed,...
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Shale EOR – Changing the Game?

June 11, 2019 |
After a decade of shale development, could the next era of extraction from shale be set to ramp up? EOG began secondary recovery pilot programs in the Eagle Ford all the way back in 2012. Those pilot programs expanded...
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Lack of Heavy Crude Weighing on US Refiners

May 28, 2019 |
Ahead of IMO 2020, which requires ships globally to use fuels with a sulfur content below 0.5% from 3.5% currently, many thought an opportunity was emerging for US refiners. Complex US refineries could capitalize on an expectation of widening...
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