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To view the current par price, click on the latest month: 2024. Table 1. Par prices
Base-price case WTI: The forecast average price is US$76.00/bbl in 2024, strengthening to US$77.00/bbl in 2025. The price is expected to increase to US$83.63 in 2033. Low-price case WTI: The forecast is US$46.47/bbl in 2024 and projected to be US$46.45/bbl in 2033.
May 24, 2024 · Updated - May 24, 2024. WCS oil price. Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media. On this page: Alberta API. Alberta Economic Dashboard.
The price a producer receives for a barrel of oil depends on the type of oil, where it’s produced, and where it is sold. Price fluctuations also occur due to changes in market demand and supply. It is important to consider the following information when discussing the price of crude oil in Alberta.
Over the past two decades, crude oil production in Alberta has often exceeded the available pipeline capacity for moving this oil to market. This often has caused Western Canadian Select (WCS) to trade with a large discount to West Texas Intermediate (WTI).
Feb 1, 2021 · Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Hardisty, Alberta. Mixed Sweet Blend: Mixed Sweet Blend (MSW) is the main Canadian benchmark price for mixed light sweet crude, blended at Edmonton, Alberta.
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Alberta Energy Outlook 2021 2020 NUMBERS Legend Crude oil Coal Natural gas Nonupgraded bitumen Upgraded bitumen NGL Hydro, wind, and other renewables ENERGY PRODUCTION FORECAST Production (petajoules) Production (million barrels per day of light-medium crude oil equivalent) 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 0 1.0 2.0 3. ...
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