Lack of Asia link costs Canada crude oil producers

摘要

Vancouver—In the absence of full-scale pipeline and tanker connections to Asian markets, Western Canadian crude producers will miss out on about C$11.6 billion ($11.76 billion) in revenue opportunities in 2012 because of pricing discounts, a Canadian bank commodities analyst said September 4. Scotiabank vice-president Patricia Mohr said in a report that double-discounting of Western Canadian Select, a blend of 25 conventional and unconventional heavy crudes, amounted to an average differential between WCS and combined West Texas Intermediate-Brent prices in July of about US$37.69/b for about 1.5 million b/d.