FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Canadian Crude Differentials Strongest in 15-Months: Platts

OIL
BulletEnergy BulletsCommodities

The differential for WCS at Hardisty, Alberta, rose to its strongest level in over 15 months, with traders attributing this rise to an escalation in Middle East tension, Platts said.

  • Platts assessed WCS at Hardisty at a $10.9/b discount to WTI CMA Oct. 10, the narrowest since July 7 2023.
  • Platts sources credit this rally to increased sensitivity of Canadian crude to geopolitical issues since TMX came online.
  • The 590k b/d TMX expansion came online May 1, allowing additional exports of Canadian crude to the Pacific Coast.
84 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The differential for WCS at Hardisty, Alberta, rose to its strongest level in over 15 months, with traders attributing this rise to an escalation in Middle East tension, Platts said.

  • Platts assessed WCS at Hardisty at a $10.9/b discount to WTI CMA Oct. 10, the narrowest since July 7 2023.
  • Platts sources credit this rally to increased sensitivity of Canadian crude to geopolitical issues since TMX came online.
  • The 590k b/d TMX expansion came online May 1, allowing additional exports of Canadian crude to the Pacific Coast.