Heavy Crude News Today : Breaking News, Live Updates & Top Stories | Vimarsana

let's go to bill melugin. bill? >> good afternoon to you. that federal court hearing wrapped up earlier this afternoon. it ended with the judge deciding to take no action yet. what what that means is title 42 will drop may 23. that can change when the judge comes up with his decision. he could decide to do an injunction or something else. meantime, it's chaos down here. i want to so you video here. this was this morning where we're standing in eagle pass. this is a single massive group of about 150 illegals that crossed in the middle of broad daylight in front of the texas national g...

Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices. Refineries along the Gulf Coast, which account for more than 55% of total U.S. refining capacity, are geared to run medium and heavy crudes which produce more diesel and jet fuel than lighter oil. Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline, and continued output cuts b...

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Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion (TMX) starts this year, but the relief may be short-lived as surging supply looks set to exceed the country's pipeline capacity in just a few years. TMX will ship an extra 590,000 barrels per day (bpd) of crude, trebling existing capacity to Canada's Pacific Coast once the C$30.9 billion ($22.8 billion) expansion is finally complete. For much of the last decade, oil companies in the world's No. 4 producing country have been forced to sell their barrels a...

The expanded Trans Mountain oil pipeline will have first crude loaded from Vancouver in April, sending heavy Canadian oil prices climbing.