• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Heavy crude discount widens again

March 14, 20185:13 PM Reuters0 Comments

The Canadian heavy oil discount widenedon Wednesday against the West Texas Intermediate (WTI) benchmarkas U.S. oil prices strengthened and planned maintenance at amajor oil sand project was moved forward, impacting output.

* Western Canada Select (WCS) heavy blend crude for Aprildelivery in Hardisty, Alberta, settled at $25.85 a barrel belowthe WTI benchmark crude price , according to ShorcanEnergy brokers, compared with Tuesday's settle of $25.50.

* U.S. oil prices, including WTI, gained as large distillateand gasoline inventory draws outweighed a bigger-than-expectedU.S. crude stock build.

* Suncor Energy Inc said on Wednesday that plannedmaintenance at the Syncrude oil sand joint venture in NorthernAlberta had been moved forward, with the project now expected torun at reduced rates in the first quarter.

* A glut of stranded barrels in Western Canada is expectedto remain until a deal is reached between shippers and railcompanies to move more Canadian heavy crudes to the U.S. Gulf.

* An expected return of TransCanada Corp's Keystonepipeline to full pressure, following a November leak, would helpreduce the discount, traders have said.

* Light synthetic crude from the oil sands for Aprildelivery last traded at $1.25 over WTI, a smaller premium thanTuesday's settle of $2.10.

(Reporting by Julie Gordon in Vancouver; Editing by DianeCraft)

Suncor Syncrude TransCanada

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.