Well, based on today’s “statement” from the American president, it looks like this is only just the start.
shiftless_wonder on
>Synthetic Canadian oil prized by refiners for its rich diesel output tripled in a matter of days amid a worldwide clamour to secure supplies of the truck and train fuel.
The oil produced via special processing of bitumen from Alberta’s oilsands is commanding US$19.25 a barrel more than the monthly average for the U.S. benchmark, West Texas Intermediate, according to Modern Commodities data. That’s an almost 200 per cent increase since March 27.
It’s also a stark reversal from the day before the Iran war erupted, when synthetic crude traded at a 85-cent discount to WTI, the data showed.
PapayaJuiceBox on
There’s no business case for Alberta, c’mon.
TE360 on
Why do they use such obscure price comparisons? Can’t they simply say that it was X before and is now 3X?
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Well, based on today’s “statement” from the American president, it looks like this is only just the start.
>Synthetic Canadian oil prized by refiners for its rich diesel output tripled in a matter of days amid a worldwide clamour to secure supplies of the truck and train fuel.
The oil produced via special processing of bitumen from Alberta’s oilsands is commanding US$19.25 a barrel more than the monthly average for the U.S. benchmark, West Texas Intermediate, according to Modern Commodities data. That’s an almost 200 per cent increase since March 27.
It’s also a stark reversal from the day before the Iran war erupted, when synthetic crude traded at a 85-cent discount to WTI, the data showed.
There’s no business case for Alberta, c’mon.
Why do they use such obscure price comparisons? Can’t they simply say that it was X before and is now 3X?