Wcs heavy oil differential
13 Dec 2018 WCS is a blend of diluted bitumen and conventional heavy oil priced out of Hardisty, PRICE DIFFERENTIALS FOR CDN LT/HEAVY CRUDE. 31 Dec 2019 WCS may weaken in Q1 2020 with IMO 2020, higher inventories WCS Houston — Western Canadian heavy crude differentials are likely to 12 Jul 2019 On Thursday, WCS for August delivery settled at $11.15 a barrel below WTI crude futures. * Heavy crude differentials have narrowed throughout Futures & Indexes, Last, Change, % Change, Last Updated. WTI Crude, 31.13, - 6.15, -22.5%(10 Minutes Delay), (-65398 seconds delay). Brent Crude, 26.68, -
24 Jul 2019 (~60% equity & comparable crude & 97% inland crude). 2018 refinery WCS. ($ US/bbl). FFO1 protection and strength through pricing cycles. 1, 2 See Slide represents the spread between 2 barrels of WTI crude oil and 1.
10 Apr 2019 Canadian crude price outlook. • Key international drivers. • Fundamentals underpinning WCS differentials going forward. Canadian natural gas 17 Nov 2018 Premier Rachel Notley called it a “very serious problem” Thursday when the price for Western Canadian Select (WCS) heavy crude reached a You see, WCS is the main blend of heavy crude that Canada sells to the world. Today, with a record setting price differential (USD $55 as of October 12th, 13 Oct 2018 Once again, WCS prices were under pressure. Birn says exposure to the differential is not uniform and there are many strategies that influence a
10 Jun 2013 for WCS, most likely driven by a combination of lower heavy oil supply outlook for WCS and WCS-WTI differential: Base/bull/bear scenarios.
2 Jun 2015 Heavy crude oil is differentiated from light crude oil by its specific gravity. The American Petroleum Institute sets gravity standards and currently
New marine fuel standards. A much less talked about factor that's weighing on oil prices in Alberta is a new fuel standard for the marine shipping industry. The International Maritime Organization will have a sulphur limit rule in place for 2020, which is known as IMO 2020.
WCS is a blend of diluted bitumen and conventional heavy oil priced out of Hardisty, Alberta. CLS is a basket of light sweet crude priced out of Edmonton, Alberta. WCS represents the benchmark for diluted bitumen produced out of the oil sands while CLS more closely resembles WTI specifications. This differential is often referred to as the Canadian Heavy Oil Discount. In fact, most North American benchmarks trade in reference to the West Texas price. Aside from WCS, Canadian Light, also trades at a slight discount to WTI. The price of Western Canadian Select (WCS) crude oil (petroleum) per barrel suffers a differential against West Texas Intermediate (WTI) as traded on the New York Mercantile Exchange (NYMEX) as published by Bloomberg Media, which itself has a discount versus London-traded Brent oil. The American Petroleum Institute sets gravity standards and currently defines heavy oil as any oil with an API gravity of less than 20. Weight and sweetness, which refers to the amount of sulfur
Unlike other benchmark crudes, WCS Crude Oil Futures Contracts, which trade on the CME, reflects the differential to WTI, and not the actual WCS price. This differential is often referred to as the Heavy Oil Discount. Light sweet crude oil requires less energy to refine and should theoretically sell for a better price.
8 Jan 2020 Alberta's loosening of crude-production limits has renewed risks of a price collapse similar to the one experienced in 2018. 31 Jan 2020 On Friday, oil brokerage Net Energy Exchange said the WCS-WTI differential had averaged US$23.19 per barrel in January for February
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 WCS is one of North America’s largest heavy oil blends and is comprised of: Non-upgraded bitumen produced from the oil sands in Alberta. 20 heavy conventional oil streams produced in Western Canada. Upgraded bitumen, also known as light synthetic crude oil (SCO) usually from mining facilities. Western Canadian Select (WCS) is the reference price for heavy crude oil from the oilsands delivered at Hardisty, Alta. Price differential: Canada’s heavy crude usually trades at a discount because of refining and transportation costs, so a price gap or differential is typical between WTI and WCS.