Oil and Gas Company Imperial Oil Raises Purchace Prices at Edmonton
October 22nd, 2009 | File Under : Companies - Oil and Gas - Petroleum
Imperial Oil Ltd. (IMO) raised its purchase price for benchmark 40-degree gravity light crude oil at Edmonton by C$30 a cubic meter to C$517 a cubic meter, effective Wednesday.
In terms of barrels, the company is now offering C$82.21 a barrel, up from C$77.44. The new purchase price indicates an export price delivered to Chicago of about US$80.13 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.
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