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14 Oct 2022

Price gap on heavy Canadian oil tops $30 per barrel, widest spread since 2018

Author: admintech | Filed under: Finance/ Money
UKRAINE-CRISIS/IEA-OIL

A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada’s oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand.