RE:WTI and SCO Blending and Condensate PricesThis is a great post and i love it. So i have a few questions. Is the ultimate objective not to ship as much heavy oil as possible? Or does it matter.
I thought SCO was a good refinery stock because it could be processed more efficiently because is was already partially refined, and it is very consistent in nature, so when you miix it with heavy oil doesn't that throw all those benifits out the window?
wsc 23.24 synthetic 38.69 condy 56.77
1.35/1.59 = 85%
If you condy is 50 API that means it is 15% cheaper than using synthetic?, plus you use of less of the pipeline so if you objective is to ship the heavy oil this is the way to go.
I don't know what i am talking about here but just taking a stab at it.
IMHO