• 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

WCS discount narrows slightly

December 2, 202212:15 PM Reuters0 Comments

Western Canada Select (WCS) crude’s discount to the benchmark West Texas Intermediate (WTI) narrowed slightly on Friday:

WCS heavy blend crude for January delivery in Hardisty, Alberta, was trading at $28.80 barrel under WTI, according to traders, down from the previous session’s settle of $29.15.

The slight narrowing reflects an inventory draw in Western Canada and as the heavy oil market awaits Sunday’s OPEC+ meeting, a trader said.

WCS differentials have been under pressure since late September when factors including a drop in U.S. refinery demand, competition from cheap Russian barrels on the global market and rising Canadian production combined to push the discount sharply wider.

Global oil prices slipped by about $1 a barrel in choppy trading ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban on Russian crude on Monday. (Reporting by Rod Nickel; editing by Barbara Lewis)

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.