Light Louisiana Sweet, the grade that oil from shale plays was supposed to put under pressure this year, has leapt to a near $3 a barrel premium to Dated Brent as strong gasoline prices spur Gulf Coast buyers to step up purchases.
What does LLS stand for?
LLS stands for Light Louisiana Sweet (crude oil grade)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Science, medicine, engineering, etc.
- Business, finance, etc.
See other definitions of LLS
We have 85 other meanings of LLS in our Acronym Attic
- Lateral Line System (sensory organ in fish)
- Launch and Landing Site (US NASA)
- Learning and Life Skills (education)
- Least Loaded Server
- LED (Light Emitting Diode) Lighting Solutions (various locations)
- Leigh-Like Syndrome
- Lender Lead Solutions (mortgages)
- Leukemia & Lymphoma Society
- Libertarian Leadership School (Libertarian National Committee)
- Licensed Land Surveyor
Samples in periodicals archive:
Light Louisiana Sweet fell to a discount to world benchmark Brent after months of selling at a premium.
That change in supply will push the price for Light Louisiana Sweet (LLS) crude oil from the premium on Brent crude oil seen currently to a possible discount by 2016, Klesse said in webcast presentation to the Bank of America refining conference.
That puts the pieces into place for Light Louisiana Sweet to move northward to displace West African crude from Canada if the price is right.
Light Louisiana Sweet crude has historically commanded a premium of $5 to $7 a barrel to lower quality medium Mars sour crude, but that premium has narrowed sharply over the past couple of months.
For example, Light Louisiana Sweet crude traded 65-70 cts over the NYMEX price on Friday, but rose to 92 cts-$1 over Monday.
Furthermore, the Louisiana crude market continues to be strong with Light Louisiana Sweet Crude (LLS) and Heavy Louisiana Sweet Crude (HLS) each trading at a healthy premium of approximately $20 per barrel to WTI.
Meanwhile, Light Louisiana Sweet crude (LLS), produced onshore in Louisiana and in the shallow waters off the state's coast, moved up $5.