Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Light Louisiana Sweet Sinks to 16-Month Low Relative to Brent

Light Louisiana Sweet oil’s discount to European benchmark Brent fell to a 16-month low as more shale production made its way to the Gulf Coast while refinery maintenance reduced crude demand in the region.

LLS, the light, sweet benchmark on the Gulf Coast, weakened by $1.24 to a discount of $6.81 a barrel to Brent at 2:03 p.m., according to data compiled by Bloomberg. It’s the largest discount since May 24, 2012.

Refineries in Louisiana and Texas with a combined capacity of 2.3 million barrels a day are undergoing maintenance during October, according to data compiled by Bloomberg.

“It’s been underpinned by a huge amount of refinery maintenance and outages,” said Amrita Sen, chief oil analyst for Energy Aspects Ltd. in London. “That’s really been a problem for LLS.”

The Louisiana Offshore Oil Port, the largest waterborne petroleum import terminal in the U.S., received 140,000 barrels of Texas crude a day in July, according to data from the state’s Department of Natural Resources.

LOOP received its first tanker of domestic crude in August 2012 after making modifications to one of its three offshore buoys to allow receipts from smaller domestic vessels, such as those carrying Eagle Ford crude out of Texas.

The Port of Corpus Christi in Texas shipped out 367,535 barrels of crude a day in August, up 91 percent from that month in 2012, according to data on the port’s website.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.