Heavy oil differential canada

According to Oil Sands magazine, Western Canadian Select is Canada's largest commercial heavy oil stream, comprised of bitumen, conventional oil, synthetic crude and diluent. It is a unique Basrah Heavy: 31.46 +0.65 +2.11% (2 days Delay) (2 days Delay) Saudi Arabia: Arab Extra Light: 31.88 +0.56 +1.79% (2 days Delay) (2 days Delay) Arab Heavy: 30.53 +0.56 +1.87% (2 days Delay) (2 The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Tuesday:* Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, settled at $31.00 a barrel below the WTI benchmark crude futures , according to Shorcan Energy brokers.

Jan 13, 2020 Canadian heavy crude's discount to U.S. benchmark oil hit the widest since Alberta introduced a plan to limit Oil price (WCS) per barrel in US dollars. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$36.82 a barrel in January 2020, The differential of WTI over WCS was US$20.86 in January 2020. Futures & Indexes, Last, Change, % Change, Last Updated. WTI Crude, 31.13, - 6.15, -22.5%(10 Minutes Delay), (-65398 seconds delay). Brent Crude, 26.68, -  Dec 31, 2019 Houston — Western Canadian heavy crude differentials are likely to weaken in the first quarter of 2020 amid pressure from the IMO 2020 sulfur  Feb 13, 2020 The price of WCS at Hardisty is a Canadian heavy oil benchmark. these two benchmark prices is referred to as a differential and, on average,  Find information for Western Canadian Select (WCS) Crude Oil Futures Quotes provided by CME Group. View Quotes.

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.

Fears of a heavy oil crisis in Canada continue to grow despite oil’s latest rally that saw West Texas Intermediate (WTI) surge above US$70 per barrel and the differential between Canadian heavy oil and WTI narrow sharply in recent days. The discount applied to Western Canadian Select You see, roughly half of all oil produced in Canada is heavy crude, meaning that WCS is the benchmark price received by many Canadian oil producers. If the discount for WCS rises again, it would CALGARY – Canadian heavy oil prices are falling faster than global crude benchmarks as there is more oil in storage in Alberta now than six months ago when the provincial government took the unprecedented step of forcing domestic oil companies to slash output. The wild swings in the differential – or the discounted price that Western Canada's heavy oil is sold at compared to other U.S. and global benchmarks – will be tempered by a greater number of WCS is the largest commercial stream of heavy oil in Canada. WCS is one of North America’s largest heavy oil blends and is comprised of: Non-upgraded bitumen produced from the oil sands in Alberta The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$57.68 a barrel in January 2020, 12.3% higher than it was a year earlier. 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 year earlier.

The darkening price outlook for Western Canada select, the blend of conventional heavy oil and bitumen from Alberta’s oil sands is in sharp contrast with improving sentiment in much of the

Aug 9, 2019 In Canada, Alberta's oil sands have the largest reserves of crude oil, but in early 2019 due to very narrow WTI/WCS oil price differentials. Jun 2, 2015 Learn what the phrase "heavy oil differential" refers to and the lighter than Canadian, North Sea Brent crude oil or Saudi Arabian oil. It is also 

Oct 9, 2019 For example, a decade ago, the average price differential between Western Canada Select and West Texas Intermediate was around 15% of the 

Aug 9, 2019 In Canada, Alberta's oil sands have the largest reserves of crude oil, but in early 2019 due to very narrow WTI/WCS oil price differentials. Jun 2, 2015 Learn what the phrase "heavy oil differential" refers to and the lighter than Canadian, North Sea Brent crude oil or Saudi Arabian oil. It is also  Dec 30, 2019 The discount on Western Canadian Select bitumen blend crude of a major jump in WCS differentials pricing for January crude oil trades that  May 13, 2019 Wider Canadian crude differentials and increased demand from Gulf Coast refiners, in the wake of sanctions on Venezuela's oil sector, made  The price differential between WCS and WTI did not narrow to under Alberta heavy oil replaced declining imports from Venezuela and Mexico with Canadian  

What is the light-heavy price differential? In North Canada Select (WCS), a heavy, sour blend of crude oil originating in Alberta that serves as a benchmark.

WCS Houston: A new price signal for heavy crude at the US Gulf coast. Growing Canadian heavy crude output and new pipeline differentials to WCS. extra heavy oil deposits of Venezuela and Canada. These deposits have many the heavy-light differential price high, reducing rates of return to the producers.

A monthly cash settled future based on the ICE WCS (Western Canadian Select) Daily Weighted Average Price Index (ICE WCS 1b). The ICE WCS 1b Index is  Oct 9, 2019 For example, a decade ago, the average price differential between Western Canada Select and West Texas Intermediate was around 15% of the