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Nov 14, 2017 · The WCS to Maya discount has been below $10 for much of the past two years, but has recently deepened to $13.20 as of November 10, according to Bloomberg estimates. Futures prices imply the spread ...
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Dec 13, 2018 · At the same time, the WCS benchmark, priced out of the Hardisty storage hub in Alberta, was selling at just under US$42, a discount of US$28/bbl. The “quality gap” is best quantified by comparing WTI and WCS, two opposing grades of crude, at one particular location.
Jun 8, 2022 · Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. ... Canadian oilsands crude always trades at a discount to more prized U.S. blends, but ...
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. The WCS was trading at US$60.43 Thursday morning in contrast to the U.S. benchmark, which stood at US$80.79.
Oct 21, 2022 · Oil from Western Canada is once again trading at a significant discount compared to global prices, and some experts say recovery isn't expected until later in 2023.
Aug 21, 2023 · Western Canada Select (WCS) is a type of heavy crude oil produced in Western Canada, primarily in the Alberta oil sands. WCS often trades at a discounted price compared to West Texas Intermediate (WTI), a benchmark light crude oil produced in the United States. There are several key reasons for this price differential:
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3 days ago · * Canadian heavy crude prices have found support this month from low inventories in Alberta and stronger prices on the U.S. Gulf Coast. * Global oil prices held near a two-week low after dropping about 7% over the prior three days on forecasts for less oil demand growth and reduced concerns that Middle East conflicts will disrupt supply.
