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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (53193)	1/8/2019 2:38:29 PM
From: Goose94	Read Replies (1) \| Respond to of 203409

Crude Oil: WCS Alberta looks at refineries. With the attempt to build major pipelines to move oil out of the province frustrated, Alberta is now looking to build new refineries to process oil at home. The provincial government is gauging interest from the industry and has not said how or if the government would engage with any hypothetical projects. The major drawback is that the region would still have the same midstream problem because it would need to ship out refined fuels. Meanwhile, the discount for Western Canada Select (WCS) has sharply narrowed since Alberta instituted mandatory production cuts. WCS traded just $10.50 per barrel below WTI on Monday – at its worst, WCS traded at a discount in excess of $45 per barrel in late 2018.