Search results
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.
Western Canadian Select (WCS) is the most important oil price index in Western Canada. The price received by Canadian oil producers is often based on WCS. Limited transportation infrastructure causes a large discount in WCS in relation to West Texas Intermediate (WTI).
Feb 1, 2021 · Prices are based on daily closing prices posted on NYMEX in US dollars per barrel. Prices are converted to Canadian dollars per cubic metre using the Bank of Canada’s daily noon exchange rate and applying a volumetric ratio (6.29:1) to convert the price per barrel to a price per cubic metre.
Oil par prices. The following par prices are used to determine the royalty volume payable to the Crown. Explore pages in:
Oil Price Charts. Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison...
•Similarly to North American light crude prices, North American heavy crude oil prices were discounted relative to international heavy crude oil prices in 2021. The price for WCS averaged US$76.01 per barrel in 2022. WCS price was US$11.34 per barrel lower than the average price of Maya in 2022.
People also ask
How did North American crude oil prices compare in 2021?
How are oil prices measured?
Why did Canadian oil prices increase?
Why is oil price important for Canadian investors?
Base-price case WCS: The forecast price is US$61.50/bbl in 2024, rising to US$64.00/bbl in 2025. The price is expected to increase to US$70.63/bbl by 2033. Low-price case WCS: The forecast is US$33.92/bbl in 2024 and projected to be US$34.68/bbl in 2033.
