Marathon Petroleum Corp. is starting units after planned work at its Robinson refinery in Illinois, Jamal Kheiry, a Findlay, Ohio-based spokesman, said in a telephone interview yesterday. Imperial Oil Ltd. (IMO)’s Strathcona refinery in Alberta completed maintenance and has returned to normal operations, Jon Harding, a company spokesman, said yesterday.
Canadian rail freight car loads of petroleum products rose 45 percent from a year ago to 5,934 in the week ended July 7, Association of American Railroads data shows.
Syncrude strengthened $3.65 to a $2.50 premium to West Texas Intermediate at 2:39 p.m. in New York, according to data compiled by Bloomberg. It’s the highest level the grade has traded at this year. Syncrude is a synthetic oil upgraded from tarlike bitumen in Alberta into refinery-ready crude.
Western Canada Select’s discount narrowed $3 to $13.75 a barrel below WTI, the smallest gap since May 1.
Bakken oil was steady at $3.25 below the U.S. benchmark.
Light Louisiana Sweet’s premium to WTI decreased 45 cents to $17.70 a barrel. Heavy Louisiana Sweet lost 60 cents to $17.25 over.
Poseidon’s premium decreased 70 cents to $12.80 a barrel, while Southern Green Canyon lost 90 cents to $12.10 over WTI. Mars Blend decreased 70 cents to $13 a barrel over the U.S. benchmark.
Thunder Horse, a sour crude with lower sulfur content than Mars, Poseidon and Southern Green Canyon, decreased 85 cents to a $16 premium.
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