• Sign up for the Daily Digest E-mail
  • X
  • LinkedIn
  • See more results

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors

BOE Report

Sign up

See more results

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • 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 oil discount narrows for fourth straight session

August 8, 20244:05 PM Reuters0 Comments

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened on Thursday:

* WCS for September delivery in Hardisty, Alberta, settled at $13.10 a barrel below WTI, according to brokerage CalRock, having settled at $13.35 a barrel under the U.S. benchmark on Wednesday.

* It was the fourth straight session in which the heavy crude discount shrank, helped by Exxon Mobil restarting select units at its 251,800 barrel-per-day refinery in Joliet, Illinois, three weeks after it lost power following a storm.

* Joliet is one of the biggest single buyers of Canadian heavy crude, consuming about 8% of all Canadian exports, said Rory Johnston, founder of the Commodity Context newsletter.

* Global oil prices settled higher for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices recover from an eight-month low on Monday.

(Reporting by Nia Williams in British Columbia; Editing by Anil D’Silva)

Exxon Mobil

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says
  • US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
  • Oil inventories headed toward multi-decade lows, US EIA warns
  • US natgas output and demand to hit record highs in 2026, EIA says
  • Trump blames Iran for helicopter attack, says US must respond

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
    © 2026 Stack Technologies Ltd.