• 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 as trade cycle begins

July 2, 202111:44 AM Reuters0 Comments

Oil pump jack Canadian heavy crude’s discount to West Texas Intermediate (WTI) widened slightly on Friday:

Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, traded at $14.10 per barrel below the WTI benchmark, according to NE2 Canada Inc, wider than Wednesday’s settle of $13.95 a barrel under the benchmark.

Friday is the first day of the monthly Canadian crude trading window when liquidity picks up. It runs from the beginning of each month until the day before pipeline nominations are due, about two weeks.

Trading was thin following the Canada Day holiday on Thursday and ahead of a long weekend in the United States.

The discount may narrow during the cycle with refinery utilization picking up in both the U.S. and Canada, an industry source said.

Light synthetic crude from the oil sands for August delivery traded at 75 cents a barrel below U.S. futures, compared to 40 cents under, on Wednesday.

Canadian total crude oil exports fell 190,000 barrels per day (bpd) to 3.37 million bpd in May – Statistics Canada.

Global oil prices were little changed after OPEC+ ministers delayed an output policy meeting, with sources saying the United Arab Emirates had balked at proposals that included raising supply by 2 million barrels per day (bpd) by the end of the year.

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Venture Global cashes in on exports from Plaquemines LNG plant, SEC filing shows
  • Journey Energy Inc. Provides Encouraging Results from Its First Three 2025 Duvernay Wells
  • US proposes rules that could boost oil, gas output in US West
  • Ontario Premier Doug Ford pitches railway to Ring of Fire, Alberta is on board
  • Alberta to hold nuclear power consultations as reactor companies weigh opportunities

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.