Trican Well Service Ltd T.TCW

$30 bbl discount

[firstworld]

Sad CDN crude at a whopping $30 bbl discount ....is their a price cap or sanction in place LOL.

[MrAlberta]

If we moved all of western Canada's oil reserves underneath Cushing Oklahoma so it cut several thousand kilometers of transportation needs out of the equation and converted all the heavy sour oil into light sweet oil it would be priced the same. Is anyone shocked that different crude oils with different processing needs in different locations are priced differently? The price cap is called

[gasoholic]

Another factor is that the US SPR ( Strategic Petroleum Reserve ) has been drawn down from 590 mm barrels Jan 1 to 410 mm barrels now. Thats about 4.5 mm barrels per week. The US couldn't absorb all of it into their storage and refining system so they were also selling it on the open market. The purpose was to lower the price of oil. Note that the US needs our heavy oil as most refineries in

[firstworld]

Who knows if it was even physically delivered they probably just charge buyers a storage fee. Just another scam in a desperate attempt to get fuel prices down as if they didn't know the price increase is due to about 30% of legacy refineries shut down during covid oppression never to restart. Good business to restrict capacity to sell less for more profit RU is a prefect example their profits

[MrAlberta]

Well - looks like you've got it all figured out then. The world economy should be all fair and sorted out by the end of October. 

[firstworld]

Haha up 30 % this month on 2-3 day flips can't wait for deep recession dry powder is overflowing.