What is the alberta oil differential

6 Mar 2019 oil intensified last fall after Alberta increased production and 1 Oil Price Differentials Explained: Why Alberta Crude Sells at a Deep Discount,. 2 May 2019 Since then the Alberta government has imposed an oil production cap and differentials have generally trended in a narrower range. However  22 Jul 2019 A surging differential for Western Canada's benchmark heavy crude has for marine fuel next year will devalue the country's oil assets are overblown. range as IMO 2020 approaches and the Alberta production cap eases.

20 Mar 2015 The price of oil just keeps collapsing — and the fate of Alberta's The government assumed a WCS/WTI differential of 26 per cent, and an  9 Oct 2018 The price of northeastern Alberta's key crude oil benchmark, Western Texas Intermediate (WTI) — the biggest differential in at least 10 years. 1 May 2018 share of Alberta's and Canada's crude oil production. In 2017, non-upgraded Heavy oil differentials, pipeline capacity limitations and a  8 Jul 2015 Edmonton, Alberta T5S 2H5 See the Enbridge 2014 Crude Oil Characteristics report for more info on how viscosity and Vapor Pressure are  In Q3/2018, the discount between light oil in Houston (WTI) and light oil in the UK North Sea (Brent) was US$2.50/bbl, representing the shipping differential between the Gulf Coast and the UK. Although the USGC has better access to South America, the North Sea is closer to Europe and Asia, two very large importers of crude. EDMONTON—The Alberta government has been scrambling to come up with a solution to the oil price differential, which it says is costing the Canadian economy about $80 million a day.

Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$36.82 a barrel in January 2020, 7.3% higher than it was a year earlier. The differential of WTI over WCS was US$20.86 in January 2020.

23 Jan 2019 The Brownsville U-Turn Redux: Cartelization of the Alberta Oil Sector That WCS/WTI differential---$52 per barrel last October---now is about  20 Mar 2019 Monthly-Western-Canada-Select-vs-WTI-Cushing-Differential-. Alberta's oil production quota will increase by 25,000 b/d in May and another  3 Jul 2019 OIL trains funded by the Canadian province of Alberta were that the price differential with high-quality oil was not enough to justify the added  1 Feb 2019 What price do you think we need to see Alberta's oil and gas sector come to life again? What if the differential were not so large a gap? What if 

17 Nov 2018 Alberta oil producers are dealing with a brutal oil differential that's costing Canada billions of dollars in lost revenue. Premier Rachel Notley called 

2 May 2019 Since then the Alberta government has imposed an oil production cap and differentials have generally trended in a narrower range. However  22 Jul 2019 A surging differential for Western Canada's benchmark heavy crude has for marine fuel next year will devalue the country's oil assets are overblown. range as IMO 2020 approaches and the Alberta production cap eases. 23 Jan 2019 The Brownsville U-Turn Redux: Cartelization of the Alberta Oil Sector That WCS/WTI differential---$52 per barrel last October---now is about  20 Mar 2019 Monthly-Western-Canada-Select-vs-WTI-Cushing-Differential-. Alberta's oil production quota will increase by 25,000 b/d in May and another  3 Jul 2019 OIL trains funded by the Canadian province of Alberta were that the price differential with high-quality oil was not enough to justify the added  1 Feb 2019 What price do you think we need to see Alberta's oil and gas sector come to life again? What if the differential were not so large a gap? What if  20 Jun 2019 Canada's benchmark crude oil price, Western Canadian Select (WCS), The differential between WTI and WCS widened even more, reaching The previous Alberta government signed rail contracts to increase crude by rail 

9 Oct 2018 The price of northeastern Alberta's key crude oil benchmark, Western Texas Intermediate (WTI) — the biggest differential in at least 10 years.

13 Dec 2018 CLS is a basket of light sweet crude priced out of Edmonton, Alberta. WCS represents the benchmark for diluted bitumen produced out of the oil 

In Q3/2018, the discount between light oil in Houston (WTI) and light oil in the UK North Sea (Brent) was US$2.50/bbl, representing the shipping differential between the Gulf Coast and the UK. Although the USGC has better access to South America, the North Sea is closer to Europe and Asia, two very large importers of crude.

17 Nov 2018 Alberta oil producers are dealing with a brutal oil differential that's costing Canada billions of dollars in lost revenue. Premier Rachel Notley called  9 Oct 2019 With 170 billion barrels of proven crude oil reserves, the importance of Canada in For example, a decade ago, the average price differential between resulted in Alberta's oil curtailment forced by Premier Rachel Notley. 25 Jul 2019 Alberta still needs to curtail oil production or risk widening the differential between Canadian heavy crude and the U.S. benchmark blend back  6 Mar 2019 oil intensified last fall after Alberta increased production and 1 Oil Price Differentials Explained: Why Alberta Crude Sells at a Deep Discount,. 2 May 2019 Since then the Alberta government has imposed an oil production cap and differentials have generally trended in a narrower range. However 

In Q3/2018, the discount between light oil in Houston (WTI) and light oil in the UK North Sea (Brent) was US$2.50/bbl, representing the shipping differential between the Gulf Coast and the UK. Although the USGC has better access to South America, the North Sea is closer to Europe and Asia, two very large importers of crude. EDMONTON—The Alberta government has been scrambling to come up with a solution to the oil price differential, which it says is costing the Canadian economy about $80 million a day. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$36.82 a barrel in January 2020, 7.3% higher than it was a year earlier. The differential of WTI over WCS was US$20.86 in January 2020. The steep discount in Canadian oil prices compared to American prices could cost Alberta oil producers billions this year in foregone revenues. The main problem is a backlog of oil in Alberta Alberta oil producers are dealing with a brutal oil differential that’s costing Canada billions of dollars in lost revenue. Premier Rachel Notley called it a “very serious problem” Thursday Oil differential darkens Alberta’s budget. Open this photo in gallery: Petro-Canada’s Edmonton refinery. Canadian heavy oil has seen a differential of as much as $42 (U.S.) a barrel below the