financetom
World
financetom
/
World
/
CANADA-CRUDE-Discount on Western Canada Select unchanged
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA-CRUDE-Discount on Western Canada Select unchanged
Oct 3, 2025 2:34 PM

Oct 3 (Reuters) - The discount on Western Canada Select

to North American benchmark West Texas Intermediate futures

was unchanged on Friday.

WCS for November delivery in Hardisty, Alberta, settled at

$11 a barrel under the U.S. benchmark WTI, according to

brokerage CalRock, flat on Thursday's close.

* Canadian pipeline operator Enbridge's ( ENB ) Mainline

system -

which transports oil from Alberta to various markets in Canada

and the U.S. - is not at apportionment in October. Apportionment

is an industry term for the rationing that occurs when demand

for pipeline space exceeds capacity.

* The increase in seasonal capacity this month on the

Mainline is

due to less planned maintenance on the system, an Enbridge ( ENB )

spokesperson said.

* The WCS discount will likely continue to trade close to

its

current range, or even tighten this autumn, said RBN Energy

analyst Martin King. Midwest refining runs are at record highs

for this time of year, helping to keep the WCS discount

seasonally narrow, he said.

* Demand was strong in September for Canadian crude loaded

off

the Trans Mountain pipeline, which carries Alberta oil to the

B.C. coast for export overseas, a trend that is expected to

continue in October.

* Oil prices settled higher on Friday but posted a weekly

loss of

8.1% after news of potential increases to OPEC+ supply.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nasdaq Surges 150 Points; ISM Services PMI Falls In November
Nasdaq Surges 150 Points; ISM Services PMI Falls In November
Dec 4, 2024
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday. The Dow traded up 0.30% to 44,838.93 while the NASDAQ rose 0.80% to 19,637.25. The S&P 500 also rose, gaining, 0.23% to 6,063.99. Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 4% Dividend...
Stocks, currencies boost European hedge fund returns in November, sources say
Stocks, currencies boost European hedge fund returns in November, sources say
Dec 4, 2024
LONDON (Reuters) - Global stock and currency markets helped European hedge funds finish November with positive results, as markets surged on a U.S. election win for Donald Trump and the Republicans, performance numbers seen by Reuters on Wednesday showed. These performance details included some hedge funds that profited from so-called Trump trades which punished tariff-sensitive assets from European exporters to...
CANADA STOCKS-Toronto stocks scale record high after bank earnings
CANADA STOCKS-Toronto stocks scale record high after bank earnings
Dec 4, 2024
(Updated at 10:10 a.m. ET/ 1510 GMT) By Nikhil Sharma and Ragini Mathur Dec 4 (Reuters) - Canada's main stock index hit a record high on Wednesday, helped by technology and financial stocks, while investors assessed strong quarterly earnings from two of the biggest domestic lenders. The Toronto Stock Exchange's S&P/TSX composite index was up 28.72 points, or 0.11%, at...
European Equities Close Mixed in Wednesday Trading; ECB's Lagarde Provides Dreary Forecast
European Equities Close Mixed in Wednesday Trading; ECB's Lagarde Provides Dreary Forecast
Dec 4, 2024
12:09 PM EST, 12/04/2024 (MT Newswires) -- The European stock markets closed mixed in Wednesday trading as The Stoxx Europe gained 0.38%, Germany's DAX rose 1.00%, the FTSE in London was off 0.28%, France's CAC was up 0.66%, and the Swiss Market Index was down 0.43%. European Central Bank President Christine Lagarde provided a gloomy economic forecast for the euro...
Copyright 2023-2026 - www.financetom.com All Rights Reserved