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May 24, 2024 · Updated - 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. On this page: Alberta API. Alberta Economic Dashboard.
Pacific region demand: With the commissioning of TMX in May 2024, Alberta’s producers will be able to market more of their heavy oil to U.S. West Coast and Asian refineries, accessing higher prices for their crude oil. Low- and High-Price Cases. The low- and high-price cases reflect near- and long-term volatility in the price of WCS.
May 1, 2020 · Brent: Brent is the main benchmark price for light sweet crude in international markets and specifies delivery at Sullom Voe terminal, United Kingdom. Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Hardisty, Alberta.
Figure S4.1 shows the average daily production of crude oil wells in Alberta by PSAC area. There is an option to toggle the crude oil production forecasts based on base and low prices, with an explanation of these cases in the oil price forecast section.
Oil par prices. The following par prices are used to determine the royalty volume payable to the Crown.
Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Hardisty, Alberta. Mixed Sweet Blend: Mixed Sweet Blend (MSW) is the main Canadian benchmark price for mixed light sweet crude, blended at Edmonton, Alberta.
Crude Oil is sold between countries in quantities called barrels (bbl). There are approximately 159 litres (42 US gallons) of oil in a barrel. Prices of WCS (Western Canadian Select) are based on publically available data from the Alberta Energy BVM Components. Alberta Energy provides heavy crude oil pricing information for general information
