Imperial Oil Cuts Edmonton Par Crude By C$23 Cu. Meter
May 17 2010 - 5:16PM
Dow Jones News
Imperial Oil Ltd. (IMO) cut its purchase price for benchmark
40-degree gravity light crude oil at Edmonton by C$23 a cubic meter
to C$421 a cubic meter, effective Monday.
In terms of barrels, it's now offering C$66.94 a barrel, down
from C$70.60. The new purchase price indicates an export price
delivered to Chicago of about US$66.32 a barrel after considering
transportation and import charges and foreign exchange rates.
Actual export prices are confidential but are believed to be
closely related to the posted levels.
Imperial Oil is an integrated oil and gas company.
-By Carolyn King, Dow Jones Newswires; 416-306-2100;
carolyn.m.king@dowjones.com
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