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Largely trade at a discount to WTI
- In Canada, light and heavy benchmarks, priced out of Alberta, largely trade at a discount to WTI. However, some streams, such as condensate and synthetic crude produced through bitumen upgrading, can trade close to par or even at a small premium to the US benchmark.
www.oilsandsmagazine.com/market-insights/crude-oil-pricing-differentials-why-alberta-crude-sells-at-deep-discount-to-wtiDifferentials Explained: Why Alberta crude sells at a deep ...
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Do Canadian crude oil benchmarks trade at a discount to WTI?
Does Western Canadian Select trade at a discount to WTI?
Why are Canadian oil producers selling to WTI?
Why are Canadian oil prices based on WCS?
Dec 13, 2018 · In Canada, light and heavy benchmarks, priced out of Alberta, largely trade at a discount to WTI. However, some streams, such as condensate and synthetic crude produced through bitumen upgrading, can trade close to par or even at a small premium to the US benchmark.
Jan 4, 2018 · Western Canadian Select ("WCS") trades at a discount to WTI. Most Canadian producers have heavy crude production subject to WCS. Recent widening in WCS differential a result of...
Nov 14, 2017 · Canadian producers are selling their oil at hefty discounts to WTI, not only because of the heavier sour variety they are pumping out of the oil sands, but also because of limited...
Jun 3, 2022 · While a US$20 discount is not insignificant, it remains relatively narrow on a percentage basis. WTI closed Thursday (Jun 2) at about US$117 a barrel, a level not since 2008. WCS is now trading at a mere 16% discount to the WTI benchmark (in Cushing, OK), which is low by historical standards.
Jan 4, 2024 · The light oil discount narrowed has since narrowed slightly, now trading at about US$8 a barrel below the WTI benchmark. SCO usually trades near par with WTI, but the SCO differential turned negative towards the end of last year as U.S. light oil production took a sharp jump higher.
WCS often trades with a sizable discount to WTI. This discount is partly because of the higher cost of refining heavy oil compared to light oil and sour crude compared to sweet crude. But a more significant portion of this discount is because of limited transportation capacity from northern Alberta to oil markets.
Nov 10, 2022 · Nov 10 (Reuters) - Canada's benchmark heavy crude, Western Canada Select (WCS), is trading at a steep discount to West Texas Intermediate (WTI) after weakening sharply last month,...
