New NEB report gives insight into current Western Canadian oil supply and markets
CALGARY, Dec. 27, 2018 /CNW/ -Western Canada's oil supply is 365,000 barrels above the amount of oil flowing daily in existing pipelines, according to a new report on Western Canadian Crude Oil Supply, Markets, and Pipeline Capacity released today by the National Energy Board (NEB).
- CALGARY, Dec. 27, 2018 /CNW/ -Western Canada's oil supply is 365,000 barrels above the amount of oil flowing daily in existing pipelines, according to a new report on Western Canadian Crude Oil Supply, Markets, and Pipeline Capacity released today by the National Energy Board (NEB).
- This report gives insight into the imbalance between supply and capacity to move crude oil to markets and factors that have contributed to a wider discount (known as a differential) for Canadian crude oil; it also describes how space is allocated on pipelines in Canada.
- The NEB publishes a portfolio of products on energy supply, demand and infrastructure regularly as part of its ongoing market monitoring.
- The Western Canadian Sedimentary Basin (WCSB) is the major crude oil producing region in Canada and includes conventional crude oil and oilsands.