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Alberta wcs differential

WebFeb 15, 2024 · The Line 3 Replacement Project added significant cross-border capacity for Canadian crude oil. For 2024 & 2024, see why I think WCS - WTI spread will be wider. WebDescription: The combined area and line chart shows the volumes of crude oil exported by rail as an area chart and the WCS-WTI differential as a line chart. When the WCS-WTI differential increases, the volume of crude oil exported by rail generally increases. In 2016, the volume of crude oil exported by rail averaged 88 Mb/d (14.0 10³m³/d).

How does Western Canadian Select oil pricing work?

WebMar 18, 2024 · WCS differentials to both WTI and Canadian Light presently sit just above US$10/barrel, representing a mere 10% discount to light/sweet crude in both Alberta and Cushing, OK.. For now, production and pipeline export capacity are lining up. Rail exports flatlined at about 130,000 bbl/day for much of last year, which means there is plenty of … WebApr 6, 2024 · Russian oil price war. Though the WCS-WTI differential is narrower than in recent history, that is a function of WTI weakness more than it is of resilience in WCS. Against that backdrop, Western Canadian crude storage capacity is stretched. Alberta inventories, for instance, were at or near all-time highs throughout last year and elder scrolls 5 skyrim lost to the ages quest https://bdvinebeauty.com

Alberta Economy Indicators at a Glance

WebThe WTI-WCS differential closed at US$18.50 per barrel, narrower than a week ago. Economic Activity The Alberta Activity Index decreased in November (-0.4% month-over-month), and was up 2.9% from a year ago. Alberta’s real GDP by expenditure increased by 4.8% in 2024, following a large decline in 2024. Employment increased by 20,700 in ... WebWatercourse crossings. Code of Practice for Watercourse Crossings – King’s Printer. Appendix A – Amendment (PDF, 16 KB) Amendment to the Code of Practice for … WebOct 29, 2024 · US$82.81 on Thursday. The WTI-WCS differential closed at US$15.50 per barrel, wider than US$15.05 per barrel a week ago. New: Economic Activity The Alberta … elder scrolls 5 anniversary edition review

Differential (RHS) WCS-WTI USD/bbl WCS Spot Price

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Alberta wcs differential

Why Canadian Crude Trades At Such A Steep Discount

WebNov 10, 2024 · WCS hit a record discount of more than $50 a barrel below WTI in October 2024 when a lack of space on export pipelines and refinery maintenance led to a glut of crude in Alberta. However,... Web1 day ago · The WTI-WCS differential closed at US$15.40 per barrel, narrower than a week ago. Economic Activity The Alberta Activity Index increased in January (+2.8% month-over-month), and was up 5.6% from a year ago. Alberta’s real GDP by expenditure increased by 4.8% in 2024, following a large decline in 2024. Employment increased by 13,700 in …

Alberta wcs differential

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WebAug 4, 2024 · There is no disputing that Alberta needs effective legislation, policies and mechanisms that make work safer. Unfortunately, Alberta’s conservative governments … WebThe WTI-WCS differential is the price difference between sweet, light crude oil priced at the Cushing, Oklahoma, price hub (WTI) and heavy blends priced at Hardisty, Alberta (WCS). It reflects a quality difference between the heavy-sour WCS and the light-sweet WTI as well as the cost of transportation. Changes in the WTI-WCS differential can ...

WebNov 11, 2024 · The differential between Western Canadian Select (WCS), Canada’s primary heavy sour export crude blend, and WTI recently spiked to a pandemic-era high … WebMar 29, 2024 · Updated - Mar 29, 2024 WCS oil price Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many …

WebOct 4, 2024 · But in Alberta, Western Canada Select is stuck at $35 US per barrel. The divide between WCS and WTI has never been larger, according to Martin King, … WebOct 1, 2024 · * The widening WCS differentials held close to levels hit last week, the tightest in five months, supported by Enbridge Inc ENB.TO completing its Line 3 replacement project, which will roughly...

WebNov 14, 2024 · That’s why the Western Canadian Select (WCS) —representative of the price of oil from Canada’s oil sands delivered at Hardisty, Alberta—trades at a $10 or more discount to the WTI. But the ...

WebFeb 8, 2024 · • Alberta government curtailment program put on hold. While the government’s regulatory authority to curtail crude oil production extended through 2024, starting in December 2024, Alberta’s government lifted the monthly crude oil curtailment. • Marten Hills asset sale. food is god\u0027s grace of godWebDec 13, 2024 · In Canada, the two most common benchmarks are Western Canadian Select (WCS) and Canadian Light Sweet (CLS), formerly known as Edmonton Par. WCS is a … food is getting too expensiveWebFeb 28, 2024 · As Alberta accounts for the majority of Canada's crude oil production, with its product mix skewed toward heavy oil, its production levels relative to available … elder scrolls 5 ps3WebApr 20, 2024 · Did WCS really trade at a negative price per barrel on Sunday? Probably not, but we won’t know for sure until April 30. The negative WCS price was apparently calculated by subtracting the WCS... food is fuel you need it for energyWebCDN Light Crude Oil Price Differential to WTI WTI and Edmonton Light differential; Rolling 12-Month History D a ily NG LPr ce s % of Edm n tgh NGL Prices at Edmonton, AB, 10 Day Rolling Average Shown A lbe r ta O iP oduc n Monthly; Conventional and Oil Sands The differential should reflect the transportation cost from Alberta to Cushing. food is good gifWebOct 4, 2024 · But in Alberta, Western Canada Select is stuck at $35 US per barrel. The divide between WCS and WTI has never been larger, according to Martin King, commodities analyst with Calgary's GMP ... elder scrolls 5 skyrim special edition cheatsWebWestern Canadian Select (WCS) is lower quality sulfur-containing crude oil with 20.3 API Gravity. The price difference between WTI and WCS is the indicator for whether or not the US refinery to increase crude imports from Canada. Spread narrows down when imports increase. Latest Stats WTI and WCS Price Difference 1980-01-01 0.0000 0.0000 food is good fig