crude-oil-pricing-differential

[Fraser921]

The Gulf area has too much light oil out of the Permian and faces dwindling supplies of heavy oil from its two largest sources, Mexico and Venezuela. The region is attempting to correct this imbalance by exporting domestically produced light crude, adding petrochemical conversion capacity, and finding alternative sources of heavy crude.

We sell (export our excess light oil) and (import heavy oil)

Here is a great article on the topic

https://www.oilsandsmagazine.com/market ... unt-to-wti

[Fraser921]

The reason I was looking at this is the WCS discount has averaged 12.50 ytd

Recently it blew out to 20. > Worth watching

https://boereport.com/2021/11/11/heavy- ... -widens-2/