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Jun 3, 2022 · Canadian heavy crude prices have collapsed as the European war upends global market flows and makes oil sands crude less valuable. Western Canadian Select’s discount to benchmark West Texas ...
Apr 10, 2023 · The expansion project — which Prime Minister Justin Trudeau’s government bought for C$4.5 billion ($3.3 billion) in 2018 — will reduce oil-sands producers’ dependence on US refiners that ...
Feb 26, 2024 · Western Canadian Select’s discount to U.S. benchmark West Texas Intermediate may shrink from its current level of about US$17.10 per barrel to less than $10 a barrel between May and July, according to Jeremy Irwin, senior oil markets analyst at Energy Aspects. The last time the discount was in single digits was in April 2021.
Nov 17, 2023 · Oil rose as traders boosted bets that OPEC and its allies will work to counteract the plunge in prices over the past four weeks. West Texas Intermediate rallied as much as 4 per cent to trade near US$76 a barrel on Friday after Goldman Sachs Group Inc. analysts said they expect the Organization of Petroleum Exporting Countries to act to support prices when it meets next week.
Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice
Mar 27, 2024 · March 27, 2024 at 3:45 PM PDT. Listen. 1:33. Canadian crude shipments to Los Angeles are surging, a possible preview of how an expanded pipeline that’s nearing startup may redraw flows along the ...
Oct 26, 2018 · Bemoaning the discount as a “self-inflicted wound,” Scotiabank economists published a report earlier this year arguing the discount was costing the Canadian economy roughly $15.6 billion annually, shaving about 0.75 per cent off the country’s gross domestic product. That was in February, when WCS was trading at US$24 per barrel below WTI ...
