Canadian oil prices wcs
Oil prices in Canada plunged late last month, with the losses continuing throughout much of October. 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. Western Canada Select (WCS), which tracks heavy oil from Canada, Big Oil Is Selling Its Dirty Assets, But They Aren’t Going Away. When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to an extra perk from the $5.6 billion sale: a significantly lower carbon footprint. Canadian Oil Prices Plunge To $30. Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years. Western Canada Select (WCS), a benchmark for oil from Alberta’s oil sands, has plunged in December, falling to just $30 per barrel at the end of this past week. WCS has become one of the largest heavy oil benchmarks in North America produced exclusively in Western Canada. Canadian Natural Resources is the largest contributor of heavy crude to WCS, estimated at 44% (Q1/2017 figures). Find 150+ crude oil prices on our brand-new oil price page, including U.S., Canadian and OPEC blends. Although WTI also inched up, to about US$58.40, its price increase was more modest than Brent’s. This means that the American crude will likely become even more attractive for bargain hunters in Asia, Find information for Western Canadian Select (WCS) Crude Oil Futures Quotes provided by CME Group. View Quotes. Markets Home Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). These prices are not based on market activity. No Data Available:
energy statistics / oil & gas prices: notes: • natgas unit conversion: 1 gj = 0.947 mmbtu • wcs = western cdn select • c5+ = edmonton condensate • cl = cdn light • sco = synthetic crude oil • futures curves reflect near-month contract (c1) and next 5-months (c2-c6) • daily closing cad/usd used for canadian benchmarks.
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 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 Read the latest news about oil and the oil markets. More Commodities. West Texas Intermediate; WCS Crude Prices update in real time during market hours 11 Mar 2020 In January 2020, the average monthly price of the Canadian oil benchmark Western Canadian Select (WCS) was 35.10 U.S.. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). WCS: The price of Western Canadian Select (WCS) decreased by 1 per cent, mainly because of export constraints and refinery outages. Table 1.1 shows both the
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
Chart callout: As the chart above shows, the WCS price at Hardisty has been much more volatile than the prices of WCS Cushing or WCS Houston. Pricing on
5 Nov 2019 The price of Western Canadian Select crude oil is reeling as Canadian Barrels of WCS were trading at $35.09 Tuesday afternoon, down from
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 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 Read the latest news about oil and the oil markets. More Commodities. West Texas Intermediate; WCS Crude Prices update in real time during market hours 11 Mar 2020 In January 2020, the average monthly price of the Canadian oil benchmark Western Canadian Select (WCS) was 35.10 U.S.. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). WCS: The price of Western Canadian Select (WCS) decreased by 1 per cent, mainly because of export constraints and refinery outages. Table 1.1 shows both the
8 Jan 2019 The price of Canadian oil is expected to improve throughout 2019 Select (WCS ) and the United State's West Texas Intermediate (WTI) oil — a
14 Mar 2018 Learn how the oil price spread is affecting the energy sector in the US The stagnation in Western Canada Select (WCS) crude oil prices has 8 Jan 2019 The price of Canadian oil is expected to improve throughout 2019 Select (WCS ) and the United State's West Texas Intermediate (WTI) oil — a 3 Jan 2019 Crude oil prices in Western Canada remained elevated on The WCS-WTI discount peaked at more than US$52 a barrel in October, a level at 11 Jan 2019 Prices for Canadian heavy and light oil should improve this year on the this year and C$50 per barrel for WCS [Western Canadian Select]." 6 May 2019 Meanwhile, Canada went to work extracting from Alberta's oil sands, the world's third-largest crude oil reserve. As a result of this local production, 20 Mar 2015 crude oil benchmark, Brent, and the benchmark for Alberta bitumen production,4 Western Canadian. Select (WCS), have both followed similar 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.
Yet despite the global recovery in energy prices, Canadian oil prices (WCS) went in the opposite direction, dropping to US$27. In other words, the average price difference between Canadian oil (WCS) and U.S. oil (WTI) in October was about US$43 per barrel, which represents a staggering discount of 61 per cent (of the U.S. crude price). “As excess crude capacity is drawn from storage and supply is no longer a price taker, we can expect further improvement in WCS and Canadian crude differentials,” wrote Joan Pinto, associate and energy specialist at CIBC. Her forecast pegs WCS at an average price of US$40.50 a barrel in 2019 and US$41.75 the following year. Canadian oil producers are once again suffering from a steep discount for their oil, causing the largest spread between Canadian oil and WTI in years. Western Canada Select (WCS) recently fell below $40 per barrel, dropping to as low as $38 per barrel on Tuesday. That put it roughly $31 per barrel below WTI, the largest discount since 2013. Current Trading Prices. Currently, WCS is trading at a huge discount compared to the WTI benchmark – at more than $50 USD as of October 11th, 2018. The main causes of this include: increased production from Canadian energy companies; limited pipeline capacity to ship WCS to market; a lack of access to international markets other than the United States.