Canadian heavy crude oil price
Canadian heavy crude oil is priced off the Western Canadian Select ("WCS") benchmark, which has an average gravity of 20.5 degrees API. WCS trades at a discount to WTI due to the higher cost of refining WCS crude into refined products, such as gasolines, jet fuel, kerosene, and diesel. This discount is referred to as a heavy oil differential. Western Canada Select (WCS): Reference price for heavy crude oil (e.g. blended bitumen) delivered at Hardisty, Alta. WCS is representative of the price of oil from the oil sands. It takes more energy to produce refined products (e.g. gasoline) from heavy crudes, therefore WCS trades at a discount to lighter crudes. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice Canadian heavy crude’s discount to U.S. benchmark oil hit the widest since Alberta introduced a plan to limit the province’s production more than a year ago, threatening more adversity for the
14 May 2019 Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at
Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$36.82 a barrel in January 2020, 7.3% higher than it was a Western Canadian Select (WCS) is a heavy crude oil stream which originates from Western Canada. It is comprised of existing Canadian heavy conventional 11 Mar 2020 WCS is a heavy sour blend of crude oil, produced exclusively in Western Canada . Western Canada's oil production. As the country with the Canadian price differentials are not expected return to historical levels until sufficient export infrastructure comes online. In addition, Canadian heavy sour crudes 14 May 2019 Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Year, Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec. 1996, 15.14, 15.59, 17.97, 20.24, 19.23, 18.59, 18.81, 19.56, 20.94, 21.98, 20.94, 20.76.
Western Canadian Select (WCS) is a heavy crude oil stream which originates from Western Canada. It is comprised of existing Canadian heavy conventional
Through the third quarter of this year, the discount for Canadian heavy, sour crude (WCS) in Houston averaged just US$5.40 a barrel. That discount was even narrower in Cushing, at just US$4.40. The prices of Maya and Western Canada Select crude oil, showing the differential between them. Between 2008 and 2018, the monthly average price of Maya had a range of 24.2 dollars to 121.4 dollar whereas the monthly average price of Western Canada Select had a range of 16.3 dollars to 114.9 dollars. CAPP’s annual Crude Oil Forecast, Markets and Transportation report provides a long-term outlook for Canadian crude oil production. The 2019 edition of the report projects serious constraints over the forecast period from 2019 to 2035. During Q3 2017, the realized price for heavy crude is ~C$31 while WTI averaged US$48. Using CAD/USD of 1.30, that implies a discount of ~US$24 on Obsidian's heavy oil. Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes. Skip to content. Markets Energy. Before it's here, it's on the Bloomberg Terminal.
Canadian oil producers exposed to the low prices are now fetching around $40 to 50 per barrel less than their counterparts in the United States.
Canadian heavy crude’s discount to U.S. benchmark oil hit the widest since Alberta introduced a plan to limit the province’s production more than a year ago, threatening more adversity for the That is the steepest discount for WCS since late 2007, and left the Canadian heavy crude valued at US$30, or the equivalent of $39 a barrel.
to international heavy crude oil prices in 2018. The price for WCS averaged US$44.28 per barrel in 2019. For 2019, WCS price was US$13.26 per barrel lower than the average price of Maya.
Oil Price Charts. Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools Why Canadian heavy oil prices are falling faster than global crude benchmarks As oil price differentials rise, expect railway movements to hit new record highs of between 400,000 bpd and 500,000 bpd
27 Nov 2018 The cause of the crisis was the record-low price for Western Canadian Select, the benchmark price for heavy crude from Alberta's oil sands.