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

BOE Report

Sign up
  • Home
  • BOE 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 differential narrows

September 10, 20212:06 PM Reuters0 Comments

Railcars holding crude oil
Railcars holding crude oil

Canadian heavy crude’s discount to West Texas Intermediate (WTI) narrowed on Friday.

Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta last traded at $11.65 per barrel below the WTI benchmark, according to NE2 Canada Inc. That was narrower than Thursday’s settlement of $11.90.

Strong refining margins and a drawdown in Canadian oil inventories have supported prices, an industry source said.

Traders have said the market is also supported by increased capacity on Enbridge Inc’s Line 3 pipeline, which is due to start shipping 620,000 barrels per day in October.

Light synthetic crude from the oil sands for October delivery last traded at $1.40 per barrel below WTI, narrower than Thursday’s settlement of $1.45 a barrel below the benchmark.

Global oil prices rose, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost.

Enbridge

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Week in Review – Stock gainers/fallers and most read articles
  • Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet
  • US drillers cut oil and gas rigs for first time in three weeks – Baker Hughes
  • US natgas prices up 2% as warmer forecasts boost power demand
  • Canadian Rig Count Summary – Active rig count settles at 190

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
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • Rigger Talk
    Data Partner
    BOE Network
    © 2023 Stack Technologies Ltd.