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. WTI stands as one of the three primary benchmarks (WTI, Brent, Dubai) that are frequently used as a reference price for buyers and sellers of oil around the world. Similar to WCS, WTI is a blend of several U.S. domestic streams of sweet light crude oils. Around the world oil prices are on the rise, except in Alberta where a barrel is worth less than half of what it would fetch in the United States. The divide between WCS and WTI has never been Oil Price forecast for October 2019. In the beginning price at 61.91 Dollars. High price 62.84, low 60.98. The average for the month 61.91. The Oil Price forecast at the end of the month 61.91, change for October 0.0%.
13 Dec 2018 It's unlikely a dramatic improvement in western Canadian oil prices transportation costs and the difference in quality between WCS and WTI. 14 Mar 2013 ever, there is more to Canadian oil than just the heavy oil priced at WCS. • Infrastructure constraints have also weighed on the prices received
Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. The current price of WTI crude oil as of September 13, 2019 is 54.85 per barrel. Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars. The current price of WTI crude oil as of September 13, 2019 is $54.48 per barrel. 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. WTI stands as one of the three primary benchmarks (WTI, Brent, Dubai) that are frequently used as a reference price for buyers and sellers of oil around the world. Similar to WCS, WTI is a blend of several U.S. domestic streams of sweet light crude oils. Around the world oil prices are on the rise, except in Alberta where a barrel is worth less than half of what it would fetch in the United States. The divide between WCS and WTI has never been Oil Price forecast for October 2019. In the beginning price at 61.91 Dollars. High price 62.84, low 60.98. The average for the month 61.91. The Oil Price forecast at the end of the month 61.91, change for October 0.0%. WCS now stands at around US$29 a barrel, and sells at a US$23.85 discount to the U.S. benchmark, a sharp improvement from a record US$50 differential earlier this fall.
Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin America greatly influence the price of oil, since they require more and more oil to support In August 2019, the average monthly price of the Canadian oil benchmark Western Canadian Select (WCS) was 42.36 U.S. dollars per barrel. WCS is a heavy sour blend of crude oil, produced exclusively in Western Canada. Western Canada’s oil production. Crude Oil Prices Today - Live Chart. Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. The current price of WTI crude oil as of March 13, 2020 is 31.73 per barrel. 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. WCS PRICING AND THE HEAVY OIL DISCOUNT. Unlike other benchmark crudes, WCS futures contracts, which trade on the Chicago Mercantile Exchange (CME), reflect the differential to WTI, and not the actual WCS price. This differential is often referred to as the Canadian Heavy Oil Discount.
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 Around the world oil prices are on the rise, except in Alberta where a barrel is worth less than half of what it would fetch in the United States. The divide between WCS and WTI has never been Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. The current price of WTI crude oil as of September 13, 2019 is 54.85 per barrel. Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars. The current price of WTI crude oil as of September 13, 2019 is $54.48 per barrel. 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. WTI stands as one of the three primary benchmarks (WTI, Brent, Dubai) that are frequently used as a reference price for buyers and sellers of oil around the world. Similar to WCS, WTI is a blend of several U.S. domestic streams of sweet light crude oils.