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      • Canadian crude prices are at their lowest levels against Brent-priced crude in 10 months, reaching a new market low on Friday and trading last week at under $50/barrel. This is less than half the price of international Brent-priced crude. Why? • Refining capacity isn’t evolving fast enough • Supply is increasing • Pipeline capacity is a bit tight

      Why Canadian Crude is the Cheapest in the World - OilPrice.com

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    Dec 13, 2018 · Having a single large buyer of Canadian crude, particularly heavy crude, reduces Alberta's ability to compete for higher prices. Since Midwest refineries are largely at capacity, incremental heavy oil from the oil sands must find another buyer, or face deeper discounts.

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  4. financialpost.com › commodities › energyWhile oil prices are surging, Canadian crude is getting cheaper

    Nov 11, 2021 · FP Energy. While oil prices are surging, Canadian crude is getting cheaper. And this time it’s not because of pipeline bottlenecks. Rory Johnston, Special to Financial Post. Published Nov 11, 2021 • 5 minute read. Join the conversation. Flame burns from a stack at the Syncrude Canada Ltd. refinery north of Fort McMurray, Alberta.

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  6. www.cbc.ca › news › businessPrice gap on heavy Canadian oil tops $30 per barrel, widest ...

    Oct 14, 2022 · Business · Analysis. Price gap on heavy Canadian oil tops $30 per barrel, widest spread since 2018. Oil is going for $90 US a barrel right now. So why is Canadian oilsands crude going for under...

  7. www.cbc.ca › news › businessANALYSIS | Oil prices are rising — so why is Canada getting ...

    Jun 8, 2022 · Oil prices are rising, but Canada is getting comparatively less for every barrel — here's why. Gap between benchmark oil price and cost for oilsands blend is widening. Pete Evans · CBC News...

  8. oilprice.com › Energy › Crude-OilWhy Canadian Crude is the Cheapest in the World - OilPrice.com

    Dec 17, 2012 · Canadian crude prices are at their lowest levels against Brent-priced crude in 10 months, reaching a new market low on Friday and trading last week at under $50/barrel. This is less than half...

  9. www.cbc.ca › news › businessOil prices have fallen — so why is the price of gasoline ...

    Sep 30, 2022 · Prices in oil-rich Alberta are always lower than they are in the rest of the country, but pump prices in the province's two biggest cities jumped from below $1.50 a litre on Thursday to more than...

  10. financialpost.com › why-is-canadian-oil-so-cheapWhy is Canadian oil so cheap? | Financial Post

    Nov 21, 2018 · Why is Canadian oil so cheap? Canadian oil producers have a terrible problem — and it's pushed the price of heavy crude below $18 a barrel for the first time since 2016

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