Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Canada's heavy sour WCS differential lower after outright price record low: trade

Oil | Crude Oil

Are Alberta’s oil curtailments working?

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Natural Gas | Natural Gas (North American) | Oil | Crude Oil

US rig count slips below 1,000 for first time since May 2017

Canada's heavy sour WCS differential lower after outright price record low: trade

Houston — The benchmark Western Canadian heavy sour crude was trading slightly lower Thursday, one day after having set a record low price on an outright basis, according to market sources and S&P Global Platts data.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Western Canadian Select at Hardisty, Alberta, was heard to have traded at the NYMEX WTI CMA minus $42.70/b on Thursday morning, down 20 cents from the Platts assessment Wednesday.

With Western Canadian pipeline nominations due Friday, the market on Thursday is "just people cleaning up stuff with little liquidity available," a Calgary-based crude trader said. There is typically a flurry of activity before the calendar roll, after which trading will dry up until the first of December.

Although the differential has rebounded from mid-October lows, a global crude price collapse since then has outweighed differential gains and pushed the outright price of WCS to new record lows. WCS at Hardisty was assessed Wednesday at $14/b, the lowest value since Platts began assessing the grade in 2006.

Crude futures were up slightly Thursday, and a notional value for WCS Hardisty would be about $14.30-$14.40/b.

--John-Laurent Tronche, john-laurent.tronche@spglobal.com

--Edited by Derek Sands, derek.sands@spglobal.com

Oilgram News

Platts Oilgram News brings fast-breaking global petroleum and natural gas news every day covering supply and demand trends, corporate news, government actions, exploration, technology, and much more. Click on the link below and we will set you up with a free trial.

Free Trial