WTI vs WCS data for Aug 2016 and historical

Oil Prices

Price per barrel of WCS oil in US dollars.

WTI vs WCSAug 2016

WTI Source: U.S. Energy Information Administration (Jan 1986 to present). WCS Source: Alberta Energy (Jan 2009 to present)

WTI Oil ($US/bbl)

JULY JAN – JUL (AVERAGE)
TREND 2015 2016 % CHANGE 2015 2016 % CHANGE
$50.93 $44.80 -12.0% $52.95 $40.28 -23.9%
Source: U.S. Energy Information Administration (Jan 1986 to present)

WCS Oil ($US/bbl)

JULY JAN – JUL (AVERAGE)
TREND 2015 2016 % CHANGE 2015 2016 % CHANGE
$43.49 $32.80 -24.6% $40.61 $26.76 -34.1%
Source: Alberta Energy (Jan 2009 to present)

Analysis

PUBLISHED – Aug 26, 2016

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$44.80 a barrel in July 2016, 12.0% lower than it was a year earlier.  Western Canada Select (WCS), the price obtained for many Alberta producers for oil, was down from US$43.49 in July 2015 to US$32.80 in July 2016, a fall of 24.6%, and down $3.67 from June. The July price differential of WTI over WCS was US$12.00.

 

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on September 5, 2016, in economic impact, miscellaneous, oil, political. Bookmark the permalink. Leave a comment.

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