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Do Ya Think I’m Waxy? Uinta Basin Crude Price Discounting
Uinta crude producers and midstream operators are developing new routes to market for the distinctive black and yellow crudes that are hard to ship long distance because of their waxy composition. Rail transload terminals have recently been developed. Uinta crudes are currently discounted by about $15/Bbl to West Texas Intermediate (WTI) because of transport constraints. Today we review market pricing for Uinta Basin crudes.