In April 2025, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to ***** U.S. dollars per barrel. This was a decrease compared to the previous month. Western Canadian Select is a heavy sour blend of crude oil, produced exclusively in Western Canada. The importance of Canada’s oil sands Not only are the oil sands a vital part of the Canadian energy industry, they play a large part in the national economy as well. In 2023, the oil sands extraction industry contributed over ** billion Canadian dollars to Canada's GDP. This represented a share of **** percent of the total GDP. Furthermore, they are the largest single source of oil exports to their neighbors to the south, the United States. Oil sands are a combination of sand, water, and bitumen, and therefore a more expensive source of crude oil than conventional oil as oil sands require extensive processing. Meanwhile, that same year the contribution of conventional crude oil and gas extraction stood at ** billion Canadian dollars, which translated to **** percent of total GDP. Canada’s main oil export partner remains the U.S. In 2023, Canada’s oil exports amounted to over *** million barrels per day. This was a historical high and represented more than twice the amount exported in 2005 thanks to oil sand exploration. The United States is Canada’s main oil destination market, receiving ***** million metric tons in 2023. Far in second place came China, with *** million metric tons exported there that same year.

On December 19, 2022, WCS prices closed at ***** U.S. dollars per barrel. This was an increase compared to the previous week. Crude oil prices reached over 100 U.S. dollars on March 7 and May 16, following concerns by market traders over tight supplies as a result of the Russia-Ukraine war. Western Canadian Select is the main benchmark for crude oil produced from oil sands in Alberta. It usually trades at around ** U.S. dollars below WTI - which is the reference price for crude oil originating in the United States.

Crude Oil: Avg Price: Western Canada Select Hardisty data was reported at 340.390 CAD/Cub m in 27 Aug 2018. This records a decrease from the previous number of 343.420 CAD/Cub m for 24 Aug 2018. Crude Oil: Avg Price: Western Canada Select Hardisty data is updated daily, averaging 308.695 CAD/Cub m from Jan 2014 (Median) to 27 Aug 2018, with 1214 observations. The data reached an all-time high of 594.090 CAD/Cub m in 20 Jun 2014 and a record low of 121.290 CAD/Cub m in 10 Feb 2016. Crude Oil: Avg Price: Western Canada Select Hardisty data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

Learn about the factors influencing the price of Western Canadian Select (WCS) oil, its characteristics and pricing relative to other benchmark crude oils, and the fluctuations in the WCS-WTI differential. Stay informed on the current market trends and consult reliable sources for up-to-date information.

Avg Price: Crude Oil: Western Canada Select Hardisty data was reported at 392.060 CAD/Cub m in Jul 2018. This records an increase from the previous number of 387.380 CAD/Cub m for Jun 2018. Avg Price: Crude Oil: Western Canada Select Hardisty data is updated monthly, averaging 306.860 CAD/Cub m from Jan 2014 (Median) to Jul 2018, with 55 observations. The data reached an all-time high of 584.040 CAD/Cub m in Jun 2014 and a record low of 153.130 CAD/Cub m in Feb 2016. Avg Price: Crude Oil: Western Canada Select Hardisty data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Global Database’s Canada – Table CA.P001: Average Price: Crude Oil.

The Western Canadian Select (WCS) oil price has experienced significant fluctuations over the past two decades, reflecting the volatile nature of global oil markets. In 2024, the annual average WCS oil price reached ***** U.S. dollars per barrel, a slight increase from the previous year. This price movement is part of a broader trend in the oil industry, where prices have been influenced by various economic and geopolitical factors. What impacts oil prices? Oil prices have been on a rollercoaster ride since the early 2000s, with dramatic fluctuations observed in OPEC Reference Basket oils. For instance, the Saharan Blend from Algeria saw its price rise from about ** U.S. dollars per barrel in 2002 to over *** U.S. dollars a decade later, before settling at ***** U.S. dollars in 2023. These price swings have been driven by major events such as the 2008 global financial crisis, the 2020 coronavirus pandemic, and the 2022 energy supply crisis following the Russia-Ukraine war. The volatility in oil prices has had far-reaching impacts on global economies and energy markets as they impact manufacturers and consumers. How regionally important crudes can influence the global economy While WCS prices reflect trends in the North American market, other regional benchmarks provide insights into global oil dynamics. For example, Dubai Crude (Fateh), an important benchmark for Asia, averaged ***** U.S. dollars per barrel in 2023, down from ***** U.S. dollars the previous year. Similarly, Russia's Urals crude oil, a major export brand, saw its price fluctuate in response to global events and policy decisions, such as the price cap imposed by the G7, EU, and Australia in December 2022. These regional variations highlight the complex interplay of supply, demand, and geopolitical factors in shaping global oil prices.

The Canadian Crude Index price refers to the benchmark price for various types of crude oil produced in Canada. This article explains the different components of the index, including Western Canada Select, Canadian Light Sweet, and Synthetic Crude Oil. It discusses the factors that influence the index price and its importance in the Canadian oil industry. Additionally, it highlights how the index is used for financial contracts and decision making in the industry.

GDP Nowcast: saar: YoY: Contribution: Energy: Crude Oil Price: Avg: Western Canada Select Hardisty data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. GDP Nowcast: saar: YoY: Contribution: Energy: Crude Oil Price: Avg: Western Canada Select Hardisty data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 8.406 % in 21 Oct 2019 and a record low of 0.000 % in 12 May 2025. GDP Nowcast: saar: YoY: Contribution: Energy: Crude Oil Price: Avg: Western Canada Select Hardisty data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

The Canadian light oil price, also known as the Western Canadian Select (WCS), is the benchmark price for Canadian oil sands crude. Learn about the factors affecting its price, including pipeline infrastructure, global oil market dynamics, and geopolitical events.

Learn about the factors that impact the price of Western Canadian Select (WCS) oil, including global oil supply and demand, transportation costs, quality differentials, and market speculation.

The price of Canadian oil represents the price of Western Canadian Select (WCS), the price obtained by most Alberta producers of oil. Annual figures are presented as the equally weighted average of monthly averages. Figures are derived from published Economic Dashboard of Alberta and Bank of Canada data.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

加拿大 Crude Oil: Avg Price: Western Canada Select Hardisty在2018-08-27达340.390 CAD/Cub m，相较于2018-08-24的343.420 CAD/Cub m有所下降。加拿大 Crude Oil: Avg Price: Western Canada Select Hardisty数据按每日更新，2014-01-01至2018-08-27期间平均值为308.695 CAD/Cub m，共1214份观测结果。该数据的历史最高值出现于2014-06-20，达594.090 CAD/Cub m，而历史最低值则出现于2016-02-10，为121.290 CAD/Cub m。CEIC提供的加拿大 Crude Oil: Avg Price: Western Canada Select Hardisty数据处于定期更新的状态，数据来源于Kent Group Ltd.，数据归类于Daily Database的Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil。

加拿大 Avg Price: Crude Oil: Western Canada Select Hardisty在2018-07达392.060 CAD/Cub m，相较于2018-06的387.380 CAD/Cub m有所增长。加拿大 Avg Price: Crude Oil: Western Canada Select Hardisty数据按月度更新，2014-01至2018-07期间平均值为306.860 CAD/Cub m，共55份观测结果。该数据的历史最高值出现于2014-06，达584.040 CAD/Cub m，而历史最低值则出现于2016-02，为153.130 CAD/Cub m。CEIC提供的加拿大 Avg Price: Crude Oil: Western Canada Select Hardisty数据处于定期更新的状态，数据来源于Kent Group Ltd.，数据归类于Global Database的加拿大 – Table CA.P001: Average Price: Crude Oil。

The average retail price for regular, unleaded gasoline at self-service stations in Canada was ***** Canadian cents per liter in May 2025. This was a slight increase compared to the previous month. Canada's gasoline prices are generally higher than those in the United States, but lower than in many European countries. Why do gasoline prices fluctuate? Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price. Gasoline refining capacities As of January 2024, the global gasoline refining capacity amounted to *** million barrels per day. The United States and Canada were the region with the largest gasoline refining capacity at *** million barrels per day. Much of this refining capacity is located in the United States, specifically.

This statistic shows the breakeven prices for Canadian and U.S. oil sands from selected projects, as of 2015. The Bakken project in Saskatchewan provides the best breakeven price deal with ***** U.S. dollars per barrel, while the Eagle Ford project in Texas produces oil sands at a breakeven price of ***** U.S. dollars per barrel.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

Since 2017, Canadian crude oil exports by rail increased, peaking at nearly 412 thousand barrels per day as of January 2020. However, in the following months, crude oil exports by rail continuously dropped, as a result of the coronavirus pandemic, which led to a reduced oil demand and saw the Western Canadian Select price fall significantly. As of June 2020, figures reached a low of 42.8 thousand barrels per day.

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

Alberta’s oil sands play a critical role in Canada meeting its commitment to the Paris Climate Change Agreement. However, few studies published the actual operation data for extraction operations (schemes), especially fuel consumption data to accurately project greenhouse gas (GHG) emissions for development and expansion of oil sands projects. In this study, we mined 2015–2018 operation data from over 29 million records in Petrinex via knowledge discovery in databases (KDD) process, and described GHG and fuel consumption patterns for 20 in situ oil sands extraction schemes (representing > 80% in situ extractions in 2018). The discovered patterns were interpreted by a range of performance indicators. From 2015 to 2018, GHG emission intensity (EI) for the schemes dropped by 7.5% from 0.6193 t CO2e/m3 bitumen (oil) to 0.5732 t CO2e/m3 bitumen. On the four-year average, the in situ oil sands extractions used 3.8632 m3 steam to produce 1 m3 of oil (3.8632 m3 steam / m3 oil) with a range of 1.8170 to 7.0628 m3 steam / m3 oil; consumed 0.0668 103m3 steam generator fuel (SGF) to produce 1 m3 of steam (0.0668 103m3 SGF/ m3 steam) with a range of 0.0288 to 0.0910 103m3 SGF/m3 steam; consumed 0.2995 103m3 of stationary combustion fuel (SCF) to produce 1 m3 of bitumen (0.2955 103m3 SCF/m3 bitumen) with a range of 0.1224 to 0.6176 103m3 SCF/m3 bitumen. The Peace River region had the highest solution gas oil ratio. The region produced 0.0819 103m3 of solution gas from 1 m3 of bitumen produced (0.0819 103m3 solution gas/m3 bitumen). On average, cyclic steam stimulation recovery method used 53.5% more steam to produce 1 m3 of bitumen and used 11.1% more SGF to produce 1 m3 of steam, compared to steam assisted gravity drainage recovery method. With the carbon price at C$30/t CO2e and Western Canadian Select (WCS) crude oil price at US$38.46/bbl, the GHG costs account for 0.33% to 8.81% of WCS crude price using Alberta’s emission benchmark. The study provides methods to mine the public database – Petrinex for studying GHG, energy, and water consumption by the oil and gas industry in Canada. The results also provide more accurate energy and emission intensity, which can be used for GHG life cycle assessment and compared with other energy extraction methods on a life cycle basis.