How Permian and Canadian Pipeline Constraints Benefit Refiners
POSTED BY Thomas Hunt ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Optimization
Limited takeaway capacity in the Permian and the widening of the WCS-WTI spread are benefiting some independent refiners. (The Permian Basin crude hub is located in Midland, where prices are benchmarked against the WTI Cushing price [Mid-cush spread]. Canadian crude from the prolific oil sands is called the West Canadian Select, and it is settled …