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WESTERN CANADIAN MARKET ACCESS

Western Canadian Market Access

Study Released November 08, 2018

Crude Oil Report - October 2018

Without new pipeline
capacity, producers in Western Canada continue to flood already saturated
markets and/or deliver crude oil to new markets using higher cost options such
as rail thereby leading the supplier to further discounted netbacks. The
discount on heavy Western Canada Select crude, a blend of conventional heavy
oil and bitumen from the oil sands, widened to US$36 below the North American
benchmark WTI oil price. This article details the ongoing market access issues
in Western Canada.

October 2018