refiners geared with cokers to process heavy crudes
at high rates of production, including several in Louisiana, have been replacing Venezuelan heavy crude
While Canada is (https://www.investorvillage.com/smbd.asp?mb=5028&mn=98301&pt=msg&mid=19091473) shipping more heavy crude
by rail, this approach is much more expensive.
The country's abundant heavy crude
reserves are just what the world needs at a time where the US barrel is getting lighter and lighter due to rising shale production."
The volume of crude in storage has hit record levels in western Canada and heavy crude
is trading near its widest discount to US crude since December 2013, driven by increased supply and a leak on TransCanada Corp's Keystone export pipeline last month.
Now fully owned by SA, the plant uses Saudi heavy crude
oilsto produce premium fuels.
Iran's heavy crude
price in the week under study was up 76 cents, being sold at $44.30.
Canadian Natural Resources is a senior oil and natural gas production company that offers light and medium crude oil, primary heavy crude
oil, Pelican Lake heavy crude
oil, bitumen and synthetic crude oil (SCO).
It said it sold heavy crude
for $29.40 the week of December 18.
Part of the heavy crude
from this project goes to Respol's Spanish refineries.
Al-Sour is a strategic necessity as it will turn heavy crude
oil into LSFO badly needed by the power sector as well as naphtha for petrochemical production and premium motor fuels like low-sulphur gasoil and lead-free gasoline.
"Refining also allows the Saudis to export their heavy crude
oil to a wider array of customers, beyond the select few importers who have invested in configurations that can handle heavy crudes
," he pointed out.