Sign Up for FREE Daily Energy News
canada flag CDN NEWS  |  us flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • instagram
  • youtube2
BREAKING NEWS:
Copper Tip Energy Services
Zachry Integrity Engineering
Hazloc Heaters
Hazloc Heaters
Copper Tip Energy
Zachry Integrity Engineering


Discount on Western Canada Select Widens


These translations are done via Google Translate

The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Friday.

WCS for September delivery in Hardisty, Alberta, settled at $12.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.95 a barrel on Thursday.

* The differential between Canadian heavy crude and the U.S. benchmark has trended wider. This is due to the return of more normal market conditions, analysts say, after the discount became extremely tight this spring due to wildfires in Canada that temporarily disrupted oil sands output.


Get the Latest Canadian Focused Energy News Delivered to You! It's FREE: Quick Sign-Up Here


* Canadian heavy crude, which is used by U.S. refiners to make asphalt, typically sees strong seasonal demand heading into the start of the summer driving season and then dips as traders begin to look ahead to the fall.

* Globally, oil largely held steady on Friday as markets awaited a meeting in coming days between Russian president Vladimir Putin and his U.S. counterpart Donald Trump, but prices marked their steepest weekly losses since late June on a tariff-hit economic outlook.

(Reporting by Georgina McCartney in Houston; Editing by Mohammed Safi Shamsi)



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE