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Canadian Heavy Oil Discount Lowers on Pipeline Capacity
Dec. 20, 2011 03:05PM PST
Oil and Gas InvestingBloomberg reported that the discount for Canadian heavy oil is down because pipelines have reached full capacity.
Bloomberg reported that the discount for Canadian heavy oil is down because pipelines have reached full capacity.
As quoted in the market news:
The discount for Western Canada Select versus West Texas Intermediate oil was unchanged at $15.75 a barrel at 3:49 p.m. in New York, according to data compiled by Bloomberg. WCS was $16.25 below the benchmark Dec. 14, the largest gap since August.