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- Canadian oil inventories are already at their highest level since 2019, and they're poised to increase this month, according to Bloomberg data. Against the backdrop of that excess supply and lower demand, a widening price gap for Canadian oil makes perfect sense.
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Oct 14, 2022 · (Richard Carson/Reuters) 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...
CALGARY — 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.
Jun 8, 2022 · Against the backdrop of that excess supply and lower demand, a widening price gap for Canadian oil makes perfect sense. WATCH | Why oil and gas prices are hitting record highs:
Nov 26, 2022 · Alberta's heavy oil benchmark, Western Canadian Select (WCS), ended the week below US$50 a barrel for the first time since the end of last year. The new 2022 low is blamed in part on lower oil prices in general, but mostly due to a widening of the Canadian heavy oil differential.
Oct 14, 2022 · Oilsands crude (in red) is always cheaper than the North American benchmark WTI (in blue) but the price gap (in yellow) is at its widest point in more than 4 years right now. Photo: (Bloomberg/CBC)
In this CEC Fact Sheet, we examine key metrics associated with the addition of new export pipeline capacity, including how this impacts market access, the oil price discount, global oil demand, and the accrual of benefits to the Canadian economy.
