Big WTI Price Penalty Expected by 2018, as U.S. Light Sweet Crude Overwhelms Domestic Refinery Capacity, an Industrial Info News Alert

(firmenpresse) - DENVER, CO -- (Marketwired) -- 07/18/13 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- High prices, strong demand and advanced technologies and techniques have boosted crude-oil production in the U.S. and Canada dramatically in recent years, a speaker said this week at a conference in Denver. The majority of this new U.S. crude oil is, and is expected to remain, light and sweet. Unfortunately, a lot of U.S. refineries on the Gulf Coast are set up to process those heavier, sourer grades of crude oil, most of which is imported. U.S. refineries are rapidly reaching a point where they will be overwhelmed by the domestic light sweet crude.

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Bereitgestellt von Benutzer: Marketwired
Datum: 18.07.2013 - 10:15 Uhr
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News-ID 279564
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