Reuters - Alaska North Slope crude price falls to lowest since April 2020

December 6, 2022 – Reuters

Alaska North Slope crude price falls to lowest since April 2020

By Arathy Somasekhar

Weaker ANS prices are consistent with the overall widening of the spread between heavy and light crude grades, said John Auers, a refining analyst with RBN Energy.

"As heavy/light spreads widen, medium sour crudes such as ANS and Oriente also widen their discounts vs. light sweet crudes such as Brent," Auers added.

Plains All American earlier this year suspended operations on its Line 2000 pipeline system between the San Joaquin Valley and Los Angeles following a routine pipeline integrity inspection. It has not yet set a return service timetable.

Read the full article here: https://www.reuters.com/business/energy/alaska-north-slope-crude-price-falls-lowest-since-april-2020-2022-12-07/