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Imbalances in supply and demand
- Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.
ici.radio-canada.ca/rci/en/news/1889374/oil-prices-are-rising-but-canada-is-getting-comparatively-less-for-every-barrel-heres-whyOil prices are rising, but Canada is getting comparatively ...
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Jun 8, 2022 · 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...
Jun 8, 2022 · Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the widest it's been since November, and close to the $24-spread seen in the very early days of COVID-19 when the price of oil plunged.
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
Nov 11, 2021 · The differential between Western Canadian Select (WCS), Canada’s primary heavy sour export crude blend, and WTI recently spiked to a pandemic-era high of US$21 per barrel after more than a year of tight spreads and relative stability.
Nov 14, 2017 · That’s why the Western Canadian Select (WCS) —representative of the price of oil from Canada’s oil sands delivered at Hardisty, Alberta—trades at a $10 or more discount to the WTI. But the...
Dec 13, 2018 · Although crude prices largely rise and fall together, there can be significant price differences between the different streams, depending on the type of crude (quality), supply and demand fundamentals (marketability) and costs to transport the crude to the final customer (logistics).
Apr 3, 2024 · The rise in oil prices could provide a much-needed boost for Canada’s crude oil producers, who went through a weak 2023 and potentially benefit the economy as well. Budgets in oil-producing...
