Sentences with phrase «heavy oil benchmark»
Western Canada Select, the Canadian heavy oil benchmark's discount against the U.S. crude widened to US$ 17.40 per barrel, its highest level since the start of the month.
http://business.financialpost.com/ Not exact matches
(Reuters)-- The Canadian heavy oil discount grew modestly against the West Texas Intermediate (WTI) benchmark on Wednesday, but remained within its recent trading range.
Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.
For years now pipeline advocates have argued that getting cheap bitumen or heavy oil to eastern refineries would be highly profitable due to the price difference between West Texas Intermediate, the North American benchmark and North Sea Brent, the global benchmark for oil.