Canadian oil differential price

11 Feb 2020 Energy section links to monthly WCS (Western Canadian Select) oil and Select (WCS) - includes WTI prices and WCS differential prices. donors from Belgium, Canada, Denmark, Finland, France, Germany, the Netherlands, Norway, The differential between a particular crude oil and its marker. To track the price of Canadian Crude oil without the equity market risks associated with To speculate on the differential between Canadian Crude and WTI.

Estimates to how much the differential is costing the economy vary — the Canadian Association of Petroleum Producers pegged it at at least C$13 billion in the first 10 months of 2018 and around As a result, the oil price differential widened even further. Price gap between Canadian crude and U.S. oil could shrink in 2018, Deloitte says; Analysis. A key metric in the oil patch, the differential is now slightly better than the historical average of US$17.37. Heavy Canadian crude has been on a downward spiral since mid-May, with prices plummeting by more than 60 per cent. The price for Western Canadian Select (WCS) crude fell to just US$26 a barrel on Thursday, while benchmark West Texas Intermediate crude closed at $71.98. At one point, the price differential sat at US$52 a barrel, according to Bloomberg, The Lundin family, a Swedish commodities dynasty, was explicit about the role that weaker Canadian prices played in International Petroleum Corp.’s $600 million takeover of heavy oil producer BlackPearl Resources Inc. announced Wednesday. “Right now, the Canadian oilpatch is getting killed by the differential,

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).

13 Feb 2020 Western Canada Select (WCS) heavy blend crude for March delivery in Oil producer Cenovus Energy said the blockades could jeopardize rail shipments. The heavy differential's lowest price a day earlier, $15.65,  Prices. There are many different types of crude oil around the world, each with their own price:. 1 May 2019 In 2018 the western Canadian heavy oil differential averaged $27 per barrel below the WTI price—more than double what it was in 2017. Will the recent widening of the differential between Western Canadian Select and US benchmark West Texas Intermediate prices, which stood at over $34CDN 

PUBLISHED - Sep 26, 2019. The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$54.81 a barrel in August 2019, 19.2% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$43.10 a barrel in August 2019,

16 Oct 2018 Now, experts point to a number of factors for the large price differential. A lack of pipeline capacity, growing production from the oil sands and a  4 Jan 2018 This differential is often referred to as the Heavy Oil Discount. recognize the additional pricing risk for Canadian producers and how heavy oil  14 Mar 2018 Canadian oil prices are trailing US prices, making it less profitable to than $30.00 a barrel below its US counterpart, or a 39.6% differential. 27 Jan 2015 Canadian crude oil prices (represented by the price of WCS) relative to the WTI benchmark and the WTI-Brent price differential are maintained. 19 Jun 2013 For much of the last decade, changes in gasoline prices in Canada The emergence of a price differential between crude oil benchmarks over 

13 Jan 2020 Canadian heavy crude's discount to U.S. benchmark oil hit the widest since Alberta introduced a plan to limit

The price of northeastern Alberta's key crude oil benchmark, Western Canadian West Texas Intermediate (WTI) — the biggest differential in at least 10 years. 3/12/20, %, |, 3/13/19, 19/20, Price. Close, Change S&P/TSX Oil & Gas Producers, 438, -76, -14.7, %, |, 1,189, -750, 969. S&P/TSX Oil & Gas Daily Spot Diff.

13 Dec 2018 Although prices largely rise and fall together, discounts vary due to quality Having a single large buyer of Canadian crude, particularly heavy crude, When the differential between Brent and Alberta crude is very high, 

3 Apr 2019 A new forecast from accounting group Deloitte shows very little change in oil price differential in 2019 but that could change after the Alberta  27 Feb 2019 Major oil companies such as Suncor Energy and Imperial Oil have criticised the production cuts for pushing the price differential to WTI too far in 

The widening differentials suggest that Canadian oil is at high risk of a “blowout,” Credit Suisse analyst Manav Gupta said in a report this week. If the differential widens beyond $25 a barrel, the “Alberta government might be forced to step back in and raise the volumes on mandated cuts to control bloating inventory situation,” he said. Estimates to how much the differential is costing the economy vary — the Canadian Association of Petroleum Producers pegged it at at least C$13 billion in the first 10 months of 2018 and around As a result, the oil price differential widened even further. Price gap between Canadian crude and U.S. oil could shrink in 2018, Deloitte says; Analysis. A key metric in the oil patch, the differential is now slightly better than the historical average of US$17.37. Heavy Canadian crude has been on a downward spiral since mid-May, with prices plummeting by more than 60 per cent. The price for Western Canadian Select (WCS) crude fell to just US$26 a barrel on Thursday, while benchmark West Texas Intermediate crude closed at $71.98. At one point, the price differential sat at US$52 a barrel, according to Bloomberg,