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). Gluts, price differential: Six things to know about Canada's oil-price gap Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta, on Monday June 13, 2017. In Q3/2018, the discount between light oil in Houston (WTI) and light oil in the UK North Sea (Brent) was US$2.50/bbl, representing the shipping differential between the Gulf Coast and the UK. Although the USGC has better access to South America, the North Sea is closer to Europe and Asia, two very large importers of crude.

17 Nov 2018 Western Canada's oil companies must settle for a discounted price for oil differential that's costing Canada billions of dollars in lost revenue. Wide price differentials for Canadian crudes to WTI disappeared quickly and eliminated most, if not all, of the economic incentive to move crude via rail, and  Price differentials created opportunities for investment in oil pipelines. Between 2010 greenhouse gas emissions from oil sands production in Canada. 8 Jan 2020 Alberta's loosening of crude-production limits has renewed risks of a price collapse similar to the one experienced in 2018.

2 Jun 2015 Learn what the phrase "heavy oil differential" refers to and the significance in weight, or gravity, of oil, and secondly to the resulting price differentials. lighter than Canadian, North Sea Brent crude oil or Saudi Arabian oil.

Gluts, price differential: Six things to know about Canada's oil-price gap Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta, on Monday June 13, 2017. In Q3/2018, the discount between light oil in Houston (WTI) and light oil in the UK North Sea (Brent) was US$2.50/bbl, representing the shipping differential between the Gulf Coast and the UK. Although the USGC has better access to South America, the North Sea is closer to Europe and Asia, two very large importers of crude. If you follow the discussion on Canadian energy and the economy, chances are you’ve heard about the record setting price differential between Western Canadian Select (WCS) and the West Texas Intermediate (WTI) benchmark. This discount on WCS has a profound effect on Canada’s economy; North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn't seen these prices since late 2014, but most companies in Alberta are receiving significantly less, While the information contained in this document was obtained from sources believed to be reliable, Stifel FirstEnergy and Petroleum Services Association of Canada do not guarantee its accuracy and completeness.

Gluts, price differential: Six things to know about Canada's oil-price gap Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta, on Monday June 13, 2017.

Price differentials created opportunities for investment in oil pipelines. Between 2010 greenhouse gas emissions from oil sands production in Canada.

North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn't seen these prices since late 2014, but most companies in Alberta are receiving significantly less,

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

3 Dec 2018 Western Canadian Select (WCS) is the reference price for heavy crude oil from the oilsands delivered at Hardisty, Alta. Price differential.

North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn't seen these prices since late 2014, but most companies in Alberta are receiving significantly less, While the information contained in this document was obtained from sources believed to be reliable, Stifel FirstEnergy and Petroleum Services Association of Canada do not guarantee its accuracy and completeness. End-of-day closing prices for WCS, Canadian Light (formerly known as Edmonton Par), WTI and Brent are posted on our Daily Oil Prices page, in USD per barrel. End-of-day WTI, WCS, Canadian Light and Edmonton Condensate prices are also posted in CAD per barrel . If WCS differential increases by US$5, that translates into US$5/C$6.5 lower realized price for Obsidian's heavy oil production. At 4.1k boe/d, a C$6.5 loss per boa translates into nearly C$10 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 Today, with a record setting price differential (USD $55 as of October 12th, 2018), that figure is much higher – at anywhere between $80 and $100 million a day. Frank McKenna, deputy chairman of the TD Bank, said that his financial institution found that the price differential has cost Canada nearly $117 billion over the past seven years.

8 Mar 2020 VANCOUVER (NEWS 1130) — Plunging oil prices could have a significant impact on Canada's economy. Prices for Brent Crude, 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 year earlier. The differential of WTI over WCS was US$20.86 in January 2020. 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). Gluts, price differential: Six things to know about Canada's oil-price gap Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta, on Monday June 13, 2017. In Q3/2018, the discount between light oil in Houston (WTI) and light oil in the UK North Sea (Brent) was US$2.50/bbl, representing the shipping differential between the Gulf Coast and the UK. Although the USGC has better access to South America, the North Sea is closer to Europe and Asia, two very large importers of crude. If you follow the discussion on Canadian energy and the economy, chances are you’ve heard about the record setting price differential between Western Canadian Select (WCS) and the West Texas Intermediate (WTI) benchmark. This discount on WCS has a profound effect on Canada’s economy; North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn't seen these prices since late 2014, but most companies in Alberta are receiving significantly less,