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The Canadian Crude Oil Index (CCI) serves as a benchmark for oil produced in Canada. [1] It allows investors to track the price, risk, and volatility of the Canadian commodity. [1] The CCI was launched by Auspice Capital Advisors in 2014. [2] The Index moved from a day end posting to live in January 2016. [1]
In contrast, WCS is a heavy crude oil with an API gravity level of 20.5°." [6] The Canadian Crude Index (CCI) serves as a benchmark for oil produced in Canada. [7] It allows investors to track the price, risk and volatility of the Canadian commodity. [7]
NEW YORK/CALGARY, Alberta, March 10 (Reuters) - North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as ...
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
Canada's benchmark heavy crude, Western Canada Select (WCS), is trading at a steep discount to West Texas Intermediate (WTI) after weakening sharply last month, and is expected to remain subdued ...
The price of Canadian heavy oil recently fetched a near-record discount of more than $40 per barrel against its U.S. benchmark of West Texas Intermediate oil. While Enbridge's decision to ration ...
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
With respect to energy prices, Parsons said his research showed that gas prices could rise by 70 cents as a result of the tariffs on Canadian crude oil, even with the carve out of a lower tariff ...