Light Louisiana Sweet: Unbecoming a benchmark
08/14/19 • 10 min
Shale production, US crude exports and pipeline shifts have dramatically changed the utility of Light Louisiana Sweet (LLS), which has shifted from bellwether to regional feedstock as new grades increasingly encroach on its territory.
Shale production, US crude exports and pipeline shifts have dramatically changed the utility of Light Louisiana Sweet (LLS), which has shifted from bellwether to regional feedstock as new grades increasingly encroach on its territory.
Previous Episode
West Texas Light: New crude on the block
Booming US crude production and resulting export volumes are drastically changing the global crude trade flow and market landscape. We explain why and how WTL (West Texas Light) spot trade has blossomed in west Texas as it makes its way toward the US Gulf coast and/or Cushing.
Next Episode
Western Canadian Select Houston: A heavy crude benchmark emerges
The loss of Venezuelan imports, the stagnation of Mexican production and the diversion of many Mideast grades to Asia has paved the way for Canadian grades — like Western Canadian Select — to take a strong share of the Gulf coast heavy crude market.
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