• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Heavy crude discount inches wider in thin trade

March 15, 20193:37 PM Reuters0 Comments

The Canadian heavy oil differential widened slightly compared with the West Texas Intermediate (WTI) benchmark on Friday:

* Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, last traded at $10.00 a barrel below WTI crude futures , widening marginally from Thursday's settle of $9.95 a barrel below WTI, according to Net Energy Exchange.

* It was the last day of the monthly trade cycle, which runs from the first of each month until the day before pipeline nominations are due. One Calgary-based source said trading volumes were pretty thin.

* The weighted average for WCS this month was $10.64 per barrel below U.S. crude futures. Prices have held firm after the Alberta government eased mandatory crude oil production cuts for April, although producers are still limited to 3.66 million barrels per day.

* Last year bottlenecked crude oil pipelines and a glut of crude in storage sent Canadian heavy crude tumbling to a record discount versus U.S. barrels.

* Imperial Oil said on Friday it will delay its Aspen oil sands project because of the Alberta government curtailments.

* Light synthetic crude from the oil sands for April delivery did not trade on Friday, according to Net Energy Exchange. On Thursday it settled at $1.35 per barrel below U.S. crude.

* U.S. crude futures briefly hit a 2019 high but retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices. U.S. oil futures settled down 9 cents at $58.52 a barrel.

(Reporting by Nia Williams Editing by Tom Brown)

Imperial Oil

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Alberta urges Trudeau to press Biden, save Keystone XL pipeline
  • Column: Dear Joe Biden, aside from burning down the Whitehouse in 1814, we have been pretty good neighbours
  • Private company seeking operating partner for Central Alberta oil pool development
  • MEG Energy announces US$600 Million offering of senior unsecured notes
  • MEG Energy announces preliminary 2020 fourth quarter and full year financial and operating data

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.