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Jun 30, 2016 · There are three types of crude produced from the oil sands: Synthetic Crude: Produced by upgrading bitumen, primarily from mining facilities. Diluted Bitumen (Dilbit): Produced by blending non-upgraded bitumen with condensate or diluent. Synbit: A blend of bitumen and synthetic crude oil.
- Products
Products from the Oil Sands: Dilbit, Synbit and Synthetic...
- Mining for Bitumen
Mined oil sands normally contains from 7 to 13% bitumen by...
- WCS — Technical
Products from the Oil Sands: Dilbit, Synbit and Synthetic...
- Facilities
Maps and operating data for all commercial oil sands...
- Energy News
Around the oil patch this week — two new oil sands records,...
- Products
Jul 1, 2016 · Oil sands facilities produce one of two products: either a heavy marketable diluted bitumen (commonly referred to as Dilbit), or a light synthetic crude oil. Dilbit is a heavy sour crude, while synthetic crude is a light sweet oil, produced only through bitumen upgrading. Both are sold to refineries for conversion into final products.
May 6, 2022 · There are two categories of marketable crude products that come from the oil sands — diluted bitumen (aka dilbit) and upgraded bitumen (aka synthetic crude). DILBIT EXPLAINED. There are over 25 in-situ facilities and two mining operations that produce a clean marketable bitumen, which is diluted with condensate and sold as a heavy, sour blend.
- What Is Western Canadian Select?
- How Is WCS Traded?
- Did WCS Really Trade at A Negative Price Per Barrel on Sunday?
- Is It Possible For WCS to Trade at A Negative Price?
WCS is a crude oil blend created with oilsands bitumen at the Hardisty, Alta., marketing hub. Only four firms produce WCS — Canadian Natural Resources Ltd., Suncor Energy Inc., Cenovus Energy Inc. and Repsol — but other local crude blends are priced based on WCS, so its influence extends beyond its usual volume of 350,000 to 400,000 barrels per day...
Trading for commodities such as crude oil operates based on contract prices, typically for delivery in a given month. The case of WCS is slightly more complicated: buyers agree to pay a price based on a discount to North American benchmark West Texas intermediateoil (to account its for being farther from market and of lower quality). New York-trade...
Probably not, but we won’t know for sure until April 30. The negative WCS price was apparently calculated by subtracting the WCS differential from the daily WTI price. But the average for WTI in the month to date was US$24.70 per barrel. Minus the differential of about US$14 leaves about US$11 per barrel for WCS. Not great — but not negative.
Yes it is, if the differential is higher than the average price. In the current case, that wouldn’t be known until the end of the month. READ MORE: Energy companies continue job cuts amid low oil prices, COVID-19 pandemic
How Syncrude produces oil. The bitumen is upgraded into a high-quality, light, sweet crude oil through fluid coking, hydroprocessing, hydrotreating and reblending. The final product, Syncrude Sweet Premium, is sent by pipeline to Edmonton area refineries and then via pipeline terminals to refineries across Canada and into the United States.
4 days ago · His love of metaphors kinda reminds you of Ted Lasso (one of his favourite TV characters), if Ted Lasso ran one of the largest oil producers in Canada, with $52-billion in revenue and $8.3-billion ...
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Is synthetic crude a sulphur-free product?
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Where does Syncrude Sweet Premium come from?
Feb 23, 2022 · Synthetic crude oil is made by upgrading crude bitumen or diluting heavy crude oil into a lighter blend. Definition 3 Dilbit is a crude oil blend made by combining produced bitumen with a diluent such as light naphtha.
