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- 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 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
www.cbc.ca/news/business/oil-price-canada-1.6613584Price gap on heavy Canadian oil tops $30 per barrel, widest ...
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Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
A barrel of the North American oil benchmark is changing...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
Oct 14, 2022 · 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 less because of a...
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.
Dec 17, 2012 · A look at why Canadian crude oil fetches such a low price compared to crude from the US. Over production and capacity of Oil seems to be a potential problem, most of the pipelines for Type...
4 days ago · U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific. California and Washington are set to import about 150,000 barrels a day of Canadian crude by tanker in June — a seven-fold increase from average volumes ...
Dec 12, 2017 · Why Is Canadian Oil So Cheap? By Irina Slav - Dec 12, 2017, 9:00 AM CST. Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January ...
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)
