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Feb 1, 2021 · The contract for synthetic crude oil specifies delivery at Edmonton, Alberta. Implied Bitumen Price: The implied bitumen price is derived from the price of Western Canadian Select (WCS), which is assumed to have a blend composition of 30% condensate and 70% bitumen. The value of the condensate is subtracted from the WCS price to arrive at the ...
May 17, 2024 · The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world. Prices vary globally to reflect the cost of transporting crude oil to that market and the quality ...
1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 601.69 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.95 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.51 ...
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