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

BOE Report

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

Heavy crude steady, synthetic climbs

May 10, 20223:47 PM Reuters0 Comments

Railcars holding crude oil
Railcars holding crude oil

The discount on Canadian heavy crude versus the West Texas Intermediate benchmark held steady on Tuesday, while the premium on synthetic crude rose.

Western Canada Select heavy blend crude for June delivery in Hardisty, Alberta, last traded at $14.40 a barrel below WTI, according to NE2 Group, unchanged from the previous day.

Light synthetic crude from the oil sands for June delivery last traded at $7.25 a barrel over WTI, gaining 55 cents from Monday’s settlement price.

Upgrader maintenance in the oil sands is crimping synthetic crude supply, resulting in elevated prices.

Recent high demand for distillate molecules may also be contributing to strong synthetic premiums, Suncor Energy Chief Executive Officer Mark Little said on an earnings call.

U.S. crude oil price settled below $100 a barrel at its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.

Suncor

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Oil lingers near 2-month high amid global supply concerns
  • The world needs more of Canada’s natural gas to ensure global energy security and reduce GHG emissions
  • High gas prices, energy security fears impede decarbonisation push
  • U.S. natgas futures drop 5% as output rises, demand slips
  • Brent could push past $150/bbl if Russian oil exports shrink, BofA says

Return to Home
Alberta Gas
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
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2022 Grobes Media Inc.