Tag: barrels of oil
Crude stocks likely to fall 1.9 million barrels – Platts
Concerns that refiners will begin slowing down were confirmed in quarterly earnings calls last week Expected drawdowns in US stocks of crude, gasoline and distillates might not be enough to alter the bearish narrative gripping the oil market, with traders focused on weak refining margins undermining the entire complex, according to a Monday preview of […]
Oil sands cost reductions illustrated by Syncrude 2016 budget
“Syncrude’s success in reducing its cost structure is exceeding market expectations.” – Kubik Canadian Oil Sands Limited (“COS”) today announced its budget for 2016, demonstrating Syncrude’s competitiveness and resilience in a lower oil price environment; operating and capital costs in 2016 will be down significantly from prior years while still enabling production growth. Syncrude Canada Ltd. […]
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