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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.
- Oil par prices
Oil par prices. The following par prices are used to...
- Oil par prices
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.
- In Summary
- Production in 2019
- Forecast For 2020 to 2029
Crude oil production in 2019 totalled 76.9 thousand cubic metres per day (103 m3/d) or 483.9 thousand barrels per day (103bbl/d). Significant reductions in drilling activity due to market access and policy uncertainty, along with conservative capital spending programs, led to a year-over-year decrease in production. Based on the forecast cases for ...
Production in 2019 slightly declined in response to a decrease in capital spending programs affected by market access and policy uncertainty, declining to a total of 76.9 103 m3/d (483.9 103 bbl/d). This is 1 per cent lower than 77.3 103 m3/d (486.4 103bbl/d) in 2018. The decline in production was driven by a decrease in the number of wells placed ...
Figure S4.2 shows the average daily production of crude oil by density. Based on the forecast cases for oil prices, total crude oil production is expected to decrease from 76.9 103 m3/d (483.9 103 bbl/d) in 2019 as producers grapple with sustained low prices. Production is expected to decrease to between 70.6 103 m3/d (444.3 103 bbl/d) and 72.9 103...
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.
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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
