February 7, 2025
Discount on Western Canada Select heavy crude narrows
By Reuters
The discount on Western Canada Select (WCS) heavy crude to West Texas Intermediate (WTI) narrowed to $13.50 per barrel on Friday from $13.95 on Thursday. Analysts noted that Canadian heavy crude prices have remained stable despite U.S. tariff concerns. President Trump paused a planned 10% tariff on Canadian oil for 30 days in exchange for concessions.
The discount on Canadian crude has not widened to the point that it poses a problem for the Canadian oil industry,...