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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (38299)12/19/2017 2:23:52 PM
From: Goose94Read Replies (1) of 202988
 
Crude Oil: Western Canada Select prices have melted down this month, as rising supply is bumping up against a lack of pipeline infrastructure. WCS normally trades at a discount to WTI, often by $10 to $15 per barrel, but the discount widened sharply to as much as $28 per barrel in the last week. Alberta oil producers are suffering from this steep discount, and although crude is increasingly moving by rail (for a heftier fee), rail companies cannot entirely resolve the issue. Rail companies don’t want to make investment decisions that could span decades for a problem that might only last a few years. With new pipeline capacity a few years away at least, the steep discount for Canadian oil could linger for a while. The capacity shortage is expected to grow worse – Canada’s oil sands will add 315,000 bpd of new supply in 2018 and 180,000 bpd in 2019.

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