2 May 2019 Since then the Alberta government has imposed an oil production cap and differentials have generally trended in a narrower range. However 2 Jun 2015 Price differentials between lighter and heavier oils are significant. For example, as of 2015, a $1 per barrel price increase in WTI crude oil resulted 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. 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. EDMONTON—The Alberta government has been scrambling to come up with a solution to the oil price differential, which it says is costing the Canadian economy about $80 million a day.
8 Oct 2019 Canadian heavy oil prices fall as Alberta's oil-by-rail deal nears for the biggest differential since May, data compiled by Bloomberg show.
The price differential between WCS and WTI did not narrow to under Alberta heavy oil replaced declining imports from Venezuela and Mexico with Canadian 8 Oct 2019 Canadian heavy oil prices fall as Alberta's oil-by-rail deal nears for the biggest differential since May, data compiled by Bloomberg show. 13 Feb 2020 In Canada's major crude oil producing region, the Western Canadian Sedimentary Basin, heavy crude and oil sands bitumen at a storage terminal in Hardisty, Alberta. Average Annual Oil Prices and WCS-WTI Differential. 3 Dec 2018 The Alberta government has ordered a mandatory cut to crude oil costs, so a price gap or differential is typical between WTI and WCS.
30 Dec 2019 "In October, we've got the WTI-WCS differential at about US$16 per barrel. up with oilsands growth, the Alberta government introduced production It also offers marine fuel oil in St. John's, N.L., and Halifax, she added.
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.
6 Mar 2019 oil intensified last fall after Alberta increased production and 1 Oil Price Differentials Explained: Why Alberta Crude Sells at a Deep Discount,.
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. 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. EDMONTON—The Alberta government has been scrambling to come up with a solution to the oil price differential, which it says is costing the Canadian economy about $80 million a day. The steep discount in Canadian oil prices compared to American prices could cost Alberta oil producers billions this year in foregone revenues. The main problem is a backlog of oil in Alberta
8 Jan 2020 Alberta's loosening of crude-production limits has renewed risks of a price collapse similar to the one experienced in 2018. Oil sands
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