Western Canadian Select (WCS) is a high-quality blend of 19 streams of Alberta heavy crude produced jointly by Cenovus, Talisman Energy Inc., Canadian Natural Resources Ltd. and Suncor. For WCS crude, the delivery point is at the Hardisty Terminal, managed by Husky Energy.
Where is Western Canadian Select traded?
The price of Western Canadian Select (WCS) crude oil (petroleum) per barrel suffers a differential against West Texas Intermediate (WTI) as traded on the New York Mercantile Exchange (NYMEX) as published by Bloomberg Media, which itself has a discount versus London-traded Brent oil.
Where is WCS produced?
WCS has become one of the largest heavy oil benchmarks in North America produced exclusively in Western Canada. Canadian Natural Resources is the largest contributor of heavy crude to WCS, accounting for roughly 45%.