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- A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
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Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness....
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
A barrel of the North American oil benchmark is changing...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
Apr 4, 2023 · TORONTO - A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada's energy sector executives...
Oct 5, 2022 · While the price of crude oil slumped in September, with the international benchmark Brent sagging as low as US$84 in recent days after spending most of the summer months over $100 per barrel, it...
Oct 14, 2022 · A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a...
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the...
Feb 21, 2024 · The lack of pipeline has caused heavy Canadian crude’s discount to the U.S. benchmark to linger around US$20 a barrel for most of this year, wider than the average of about US$15.50 over the past five years. The discount was US$17.30 at the end of Tuesday, according to General Index prices.
Jun 21, 2024 · Brent futures fell 47 cents, or 0.6%, to settle at $85.24 a barrel, while U.S. West Texas Intermediate crude ended 56 cents, or 0.7%, lower at $80.73
