Heavy Oil price The so-called Canadian discount on crude oil jumped above $30 a barrel this month, thanks to a lack of pipeline capacity to the West Coast and a glut of oil supply at refineries in the U.S. Midwest.
That means a barrel of Western Canada heavy oil, including production from Alberta’s oil sands is selling this month for about $75 compared to a world price of about $107 for heavy oil. Heavy oil, laden with sulphur, requires more processing than so-called light sweet crudes which are fetching about $125 a barrel this week on world markets.
108 barrels/day = 39,420 barrels/year at anywhere from 68 to 74 / barrel = 2,522,880 dallars less expenses
Not bad, Year of the Profit, Oilseeker