Currently, WCS trades at around US$27 discount to WTI. But according to the consultancy, the gap could start to narrow later this year, as the Sturgeon refinery northeast of Edmonton is nearing completion, and U.S. refinery capacity is rising. Using CAD/USD of 1.30, that implies a discount of ~US$24 on Obsidian's heavy oil. But as the table below shows, the benchmark WCS heavy discount averages US$10 during the period. 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 differential of WTI over WCS was US$20.86 in January 2020. 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.
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), 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 Since the oil in WCS is much heavier than WTI (which is a light oil), and further away from main markets, WCS is priced at a further discount to WTI. Other oil Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). Futures & Indexes, Last, Change, % Change, Last Updated. WTI Crude, 25.90, - 4.89, -17.89%(10 Minutes Delay), (-68997 seconds delay). Brent Crude, 27.71, -
Futures & Indexes, Last, Change, % Change, Last Updated. WTI Crude, 25.90, - 4.89, -17.89%(10 Minutes Delay), (-68997 seconds delay). Brent Crude, 27.71, -
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. West Texas Intermediate; WCS Crude The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 11 Nov 2018 Producers' exposure to WCS prices differ depending on what kind of oil they produce, where they sell it and how they transport it. Calgary-based 9 Mar 2020 Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, settled at $13.50 per barrel below WTI, according to NE2
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
West Texas Intermediate; WCS Crude The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 11 Nov 2018 Producers' exposure to WCS prices differ depending on what kind of oil they produce, where they sell it and how they transport it. Calgary-based 9 Mar 2020 Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, settled at $13.50 per barrel below WTI, according to NE2
Futures & Indexes, Last, Change, % Change, Last Updated. WTI Crude, 25.90, - 4.89, -17.89%(10 Minutes Delay), (-68997 seconds delay). Brent Crude, 27.71, -
WCS to WTI discount to ease later this year, said Deloitte today. WCS to WTI - one year If Deloitte is correct (and I'm not sure they are), what would a disappearing gap mean for US oil? Economic cost of Canadian oil price discounts counted in billions of dollars. Part of the reason WCS discounts were wider in October is that WTI, which opened the year at $60.37 US per barrel The Canadian Association of Petroleum Producers estimates Canadian oil price discounts are costing the economy billions of dollars. Part of the reason WCS discounts were wider in October is King said Western Canada Select, a blend of heavy oil barrels, was trading at a discount of US$34.50 per barrel at mid-day on Wednesday, or roughly half of WTI prices. Some WCS contracts have