Sentences with phrase «canadian crude oil prices»

Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages, has driven Canadian crude oil prices lower and increased Canadian crude Continue Reading

Not exact matches

Crude oil prices in Canadian dollars for Brent (North Sea, UK), West Texas Intermediate (Cushing, OK, USA), and Edmonton Par.

The incident might result in restrictions on using rail to transport oil, which could increase the price discount for Canadian crude.

A year later, how are Canadian oil and gas companies responding to the collapse in crude oil prices?

With the widened spread in oil prices between Edmonton and tidewater, however, rival customers from Washington, California and Asia are now fighting over the cheaper Canadian crude.

When the spread between West Texas Intermediate crude oil and Western Canadian Select narrowed to US$ 10 a barrel last summer, some analysts declared that the big price differentials were gone for good.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

The price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

The pipeline or any other way to bring Western Canadian Crude to Tex refiners would speed up oil extraction in Alberta and increase world supplies, which would bring down oil prices for all Americans, by about a dollar a barrel according to Levi.

Meanwhile, pipeline bottlenecks are keeping western Canadian crude trading at roughly half the world oil price.

Energy East will serve as a link between Eastern Canadian refineries and the western crude oil market, where crude oil had been discounted significantly since mid-2010 until these price differentials converged rapidly over the last couple of months.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

The crudest version of this story says that Ottawa should increase spending as a direct response to the fall in oil prices and the resulting depreciation of the Canadian dollar.

The price of Canada's oil sands crude, Western Canadian Select, trades at a discount to WTI.

The price gap between Canadian and world oil prices has shrunk as more oil has been loaded on to train cars and smaller pipeline projects in the US have helped siphon off the backlog of crude piling up in the Midwest.

«Extraction from the Canadian oil sands continues to grow and with crude oil prices back above $ 70 (U.S.) a barrel, new greenfield projects and previously shelved expansions are once again starting to become viable,» wrote senior currency strategist Matthew Strauss.

Signs of global economic turmoil are being seen from falling stock market and crude oil prices to the weakest Canadian dollar since 2004.

Earlier this year, for instance, Western Canadian Select, the benchmark price for bitumen from the oil sands, traded at nearly half the price of Brent crude.

Meanwhile, Canadian oil sits trapped in Alberta at a steep discount to global crude prices.

The lower relative pricing for Canadian crude is partly caused by pipeline capacity constraints as oil production rises in Canada

WTI crude oil prices are gaining on Brent as strong U.S. demand and Canadian pipeline issues tighten U.S. oil supply even further.

Oil prices have collapsed, and the differential in price between the WTI and Brent, which could have been a way for Canadian oil producers to get a better price on the international markets for their crude, has shrunk to less than US$Oil prices have collapsed, and the differential in price between the WTI and Brent, which could have been a way for Canadian oil producers to get a better price on the international markets for their crude, has shrunk to less than US$oil producers to get a better price on the international markets for their crude, has shrunk to less than US$ 2.

After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for synthetic crude from oil sands projects which, had it been followed until today, would have been above the Canadian dollar price of WTI in -LSB-...]

Commodity prices have remained at historically elevated levels, although persistent transportation bottlenecks are leading to continued discounts for Canadian heavy crude oil.

Crude oil price gains pushed the Loonie around for yet another week, but the Canadian currency also took some cues from positive remarks by BOC head Poloz.

The $ 10 rise in the price of crude oil between the 1st and 22nd of August strengthened the Canadian dollar against the Greenback.

Meanwhile, Canadian oil sits trapped in Alberta at a steep discount to global crude prices.

A report from the nonpartisan Congressional Research Service noted that expanding access to Canadian oil resources will not protect against volatile crude oil prices, which are impacted by international events:

TransCanada told Canada's National Energy Board that in the Midwest, its pipeline would «increase the price of heavy crude to the equivalent cost of imported crude,» which would provide Canadian oil companies with an added $ 2 - 3.9 billion in annual revenues.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

The Harper government is lobbying heavily to have President Obama approve the Keystone XL pipeline that would carry 830,000 barrels per day of oil - sands bitumen to the vast refining complex on the U.S. Gulf and would ease the delivery bottlenecks that have driven down Canadian crude prices.

But companies do not pay a royalty on the global price of oil but on bitumen, a viscous crude, based on a valuation system developed by the Canadian Association of Petroleum Producers.