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

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 and synthetic barrels weaken

October 10, 20193:44 PM Reuters0 Comments

The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Thursday:

* Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.00 per barrel below WTI, according to Net Energy Exchange. On Wednesday November WCS settled at $15.30 a barrel below WTI.

* Light synthetic crude from the oil sands weakened to trade at $1.00 per barrel over WTI, having settled at $1.50 per barrel over the benchmark the previous day.

* Data from energy information provider Genscape showed western Canadian crude inventories rose in September due to lower pipeline flows and decreased crude-by-rail loadings. However, an industry source also said stocks had since fallen in the first week of October.

* The government of Alberta, Canada's main crude-producing province, has set crude production curtailments for November and December at 3.80 million barrels per day and 3.81 million barrels per day respectively. Alberta introduced curtailment at the start of 2019 to tackle pipeline congestion and support crude prices.

* U.S. West Texas Intermediate crude rose 96 cents to $53.55 a barrel, buoyed by comments from the head of producer-group OPEC that the organization could take action to balance oil markets and will decide in December on supply for next year.

(Reporting by Nia Williams in Calgary; Editing by Daniel Wallis)

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Vertex Resource Group Ltd. acquires Mad Oilfield Solutions
  • Athabasca Oil Corporation announces 2020 year-end results
  • Peyto returns to profitability with Q4 2020 results
  • MEG Energy announces full year 2020 free cash flow of $129 million, debt repayment of $132 million and 28% year-over-year reduction in G&A expense
  • Briko Energy announces its 2020 year-end reserves and corporate update

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





    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
    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.