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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.
www.cbc.ca/news/business/oil-price-canada-1.6613584Price gap on heavy Canadian oil tops $30 per barrel, widest ...
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Dec 17, 2012 · A look at why Canadian crude oil fetches such a low price compared to crude from the US. Over production and capacity of Oil seems to be a potential problem, most of the pipelines for Type...
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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...
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...
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.
Dec 13, 2018 · In Canada, light and heavy benchmarks, priced out of Alberta, largely trade at a discount to WTI. However, some streams, such as condensate and synthetic crude produced through bitumen upgrading, can trade close to par or even at a small premium to the US benchmark.
Dec 12, 2017 · Why Is Canadian Oil So Cheap? By Irina Slav - Dec 12, 2017, 9:00 AM CST. Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January ...
Nov 21, 2018 · There’s a massive expansion in Canadian oil output but no easy way to get it to market. Now, heavy oil has plunged below $18 a barrel for the first time since 2016. Here’s what’s causing the steep discount.
