All eyes in the US oil market are currently focused on the small town of Cushing, Oklahoma, located 70 miles northeast of Oklahoma City. Available capacity at one of the world’s largest crude oil storage hubs is filling up fast and that has considerable market implications because Cushing is the delivery point for US benchmark… Keep reading →
Oil sands producers have been through oil price declines before and some are hoping economies of scale, along with innovation, can reduce costs enough to make it through the current market cycle. “Syncrude forecasts operating costs at C$45.69 ($38.07) per barrel in 2015. Oil sands crude trades at a discount to the West Texas Intermediate… Keep reading →
