Source: The Canadian Press, April 3, 2018
Pipeline constraints, American refinery capacity cited as reasons for low oil pricing
The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with U.S. oil are also driving a substantial rise in the discount for light Canadian oil, according to a report from accounting firm Deloitte published Tuesday.
The difference between New York-traded West Texas Intermediate and Edmonton Light oil prices widened to $7.32 US per barrel in January, an 86 per cent increase over the average of $3.93 US per barrel in the fourth quarter of last year, Deloitte said.
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