In contrast, hedging was much higher in previous downturns, such as 51.7% in 2020, which provided crucial support during the ...

The facilities designed for Canadian heavy crude aren’t just being picky—they literally can’t process light U.S. shale oil without a multi-billion-dollar retrofit. As GasBuddy explains ...

Loading of Venezuela's heavy crude at its main oil ports slowed this week after the U.S. imposed a tariff on trade with countries buying the South American nation's oil and producer Chevron began ...

US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the sludgy oil and raising costs for the largest American refining center ...

Yet, the US also imports roughly 8 million b/d, mostly heavy crude, 60% of which comes from Canada, up from 33% in 2013. US ...

Crude oil futures moved higher Thursday to snap back ... costs," and if OPEC+ does not boost supply, it could raise heavy sour prices, which also would hit U.S. refiners, TD Cowen analysts said.

The Mainline transports light and heavy crude oil, natural gas liquids and refined products from Edmonton, Alberta, to various markets in Canada and the U.S. Midwest. Canada's only current option ...

"The good thing is that there's appetite for Mexican crude in Europe, in India, in Asia," they said. "There's demand for heavy crude and ... specific type of crude oil.