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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.
- Oil prices and value
Canadian crudes may be discounted at times to account for...
- Oil prices and value
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).
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 tools and smart...
Oil par prices. The following par prices are used to determine the royalty volume payable to the Crown.
Canadian crudes may be discounted at times to account for the difference in intrinsic value and the cost of transportation to refining centres and markets. There may be differences between the value and price of a barrel of crude oil, depending on the post-refinery end products.
Base-price case WTI: The forecast average price is US$76.00/bbl in 2024, strengthening to US$77.00/bbl in 2025. The price is expected to increase to US$83.63 in 2033. Low-price case WTI: The forecast is US$46.47/bbl in 2024 and projected to be US$46.45/bbl in 2033.
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What is the value of a barrel of crude oil?
•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.
