Search results
- 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 pipeline capacity that moves the oil out of landlocked Alberta—the heart of the Canadian oil industry.
oilprice.com/Energy/Energy-General/Why-Canadian-Crude-Trades-At-Such-A-Steep-Discount.html
People also ask
What happened to the Canadian heavy oil discount?
Why are oil prices so low in Canada?
Why are Canadian oil prices based on WCS?
Why is oil sands crude traded at a discount?
Jun 8, 2022 · 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 ...
Oil prices have fallen — so why is the price of gasoline...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
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.
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 pipeline...
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
Oct 21, 2022 · 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 3, 2022 · After months of being sub-US$13 a barrel, the WCS discount to WTI rose to the upper teens again this week, returning to levels not seen since last November. The Canadian heavy oil discount has seen much volatility in recent years, driven mostly by pipeline constraints.
Western Canadian Select (WCS) is the most important oil price index in Western Canada. The price received by Canadian oil producers is often based on WCS. Limited transportation infrastructure causes a large discount in WCS in relation to West Texas Intermediate (WTI). WTI is North America's most important oil price index.