• Sign up for the Daily Digest E-mail

BOE Report

  • Home
  • Headlines
    • Canada
    • USA
    • Columns
    • Discussions
  • Plays
    • Cardium Sandstone
    • Duvernay Shale
    • Montney Shale
    • Shaunavon
    • Viking Sandstone
    • Williston Basin
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Database
  • Markets
    • Canada Market Quotes
    • USA Market Quotes
    • Canada Well Licences
    • Canada Rig Count
    • USA Rig Count
    • USA Market Data
  • Advocacy
  • Data
  • Jobs

Heavy crude discount widens amid tight transport

October 2, 20184:15 PM Reuters0 Comments

The Canadian heavy oil differential widened against the West Texas Intermediate (WTI) benchmark on Tuesday:

Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, settled at $42 a barrel below the WTI benchmark crude futures , compared with Monday’s settle of $39.50, according to Shorcan Energy brokers.

Friday’s settle of $43.50 marked a new record spread for the differential.

Rising output from Canada’s oil sands has run up against full pipelines, swelling volumes in storage and putting pressure on prices, analysts say. While crude by rail volumes are up, they have not yet had a material impact on the build-up.

Global oil prices eased on Tuesday after rallying for three straight sessions, but remained close to four-year highs on worries that global supplies will drop due to Washington’s sanctions on Iran.

Light synthetic crude from the oil sands for November delivery settled at $19.50 under WTI, compared with Monday’s settle of $19.00 under.

Crude by Rail

Follow the BOE Report
  • linkedin
  • facebook
  • twitter
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Oil rises 3% this week on OPEC supply cuts and US-China trade hopes
  • With politics at play, CAODC remains hopeful but not optimistic Trans Mountain Expansion Project (TMX) will proceed.
  • Canada Weekly Rig Count Down 12 to 212
  • A look at 16 new recommendations for Ottawa on the Trans Mountain pipeline
  • U.S. oil drillers cut rigs for first week in three

Return to home page
OSY Rentals

About
  • About BOEReport.com
  • In the News
  • Terms of Use
  • Privacy Policy
Resources
  • App
  • Widgets
  • Desktop
  • Daily Digest E-mail
Get In Touch
  • Advertise
  • Post an Announcement
  • Post a Job
  • Contribute
  • Contact
Featured In
  • CamTrader
  • Rigger Talk
BOE Network
Copyright © 2019 Grobes Media Inc.