What is the current price of Western Canadian Select oil?

What is the current price of Western Canadian Select oil?

Oil Price Charts

Futures & Indexes Last Last Updated
Western Canadian Select 91.26 (14 Hours Delay)
Dubai 102.76 (1 Day Delay)
Brent Weighted Average 106.02 (1 Day Delay)
Louisiana Light 107.07 (1 Day Delay)

Why is Western Canadian Select cheaper?

Since the oil in WCS is much heavier than WTI (which is a light oil), and further away from main markets, WCS is priced at a further discount to WTI. Other oil streams produced from the oil sands are also priced at a discount to WTI or WCS.

What is the current price of oil in Canada?

Canadian Crude Index •2 days 92.43 +4.73
Western Canadian Select •4 hours 94.16 +0.45
Canadian Condensate •4 hours 110.4 +0.45
Premium Synthetic •4 hours 108.7 +0.45
Sweet Crude •4 hours 106.6 +0.45

What’s the price of oil per barrel in Canada?

Highlights of 2020 CLS: Canadian Light Sweet (CLS) crude oil price decreased by 33 per cent, averaging Cdn$45.77/bbl. WCS: The price of Western Canadian Select (WCS) decreased by 39 per cent, averaging US$26.81/bbl.

Will Alberta oil recover?

Oil prices topped $100 per barrel on Thursday after Russia invaded Ukraine, fanning concerns about disruptions to global energy supplies. “In 2022 Alberta’s economy will fully recover from the contraction that first started in 2014 and we will lead the nation in economic growth,” Toews said.

Is Saudi oil cheaper than Canadian oil?

The refinery saw close to $1.8 billion worth of Saudi oil alone between January and June of 2018. Although Canada has the product to be entirely self-sufficient, the truth is that Saudi oil is cheaper to purchase and cheaper to transport.

How much is a barrel of oil from Canada?

In March 2022, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to 94.57 U.S. dollars per barrel.

What is the price of one barrel of oil?

Average annual Brent crude oil price from 1976 to 2022 (in U.S. dollars per barrel)

Characteristic Average crude oil price in U.S. dollars per barrel
2019 64.3
2018 71.34
2017 54.25
2016 43.67

What was the lowest price for a barrel of oil in 2021?

Crude Oil Prices – 70 Year Historical Chart

Crude Oil Prices – Historical Annual Data
Year Average Closing Price Year Low
2021 $68.17 $47.62
2020 $39.68 $11.26
2019 $56.99 $46.31

What is Western Canada Select oil?

Western Canadian Select is a heavy sour blend of crude oil, produced exclusively in Western Canada. As the country with one of the largest oil reserves in the world, the Canadian oil sands are a crucial part of the Canadian energy sector.

What is the price of Canadian oil?

Oil prices in Canada plunged to below zero on the 20th April, 2020. This means a historic low was reached.1 ‘Black April’ follows years of setbacks for the industry, ever since the international price of oil collapsed in 2014.2 In fact, with US President Biden revoking the permit for the Keystone XL pipeline, oil sands in Canada could be permanently crippled.3.

What is the current price for oil?

The price of oil accounts for roughly half of what consumers At $78,000 per well, the current proposal would cost the state’s oil and gas industry nearly four billion dollars.

What is current oil price per barrel?

What’s happening: Brent crude futures, the global benchmark, rose above $96 per barrel on Monday before falling back slightly. Prices, which are now near their highest level since 2014, could weigh on economic growth and make the world’s inflation problem even worse.

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