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Global Oil Markets Podcasts

Crude markets across North America watch wildfires in Western Canada

May 10, 2016 (5:00 mins)



Wildfires are still raging across northern Alberta, and the oil industry is grappling with shut-ins, forces majeures and price effects rippling through markets. Allen Reed, associate editor of Canadian crude oil, talks with Luciano Battistini, managing editor of crude oil, about the status of oil sands production, infrastructure and pipelines as well as how differentials for various crude grades and condensate have reacted. It's estimated that more than a quarter of Western Canada's output has been cut, and Reed also touches on what to watch as the news develops, including how crude from the US could fill demand left in the Chicago area as refiners find themselves without Canadian crude.

More on the Canadian wildfires:

Factbox: Fort McMurray fire impact on Canadian oil market
S&P Global Platts Preview of U.S. EIA Data: Likely to show crude stocks build of 300,000 barrels


The following Platts price assessments were discussed in this podcast:
Price Date
WCS Hardisty spot, spread vs. Canada basis -$11.300/b 05/09/2016
Syncrude Sweet Premium spot, spread vs. Canada basis $2.650/b 05/09/2016



We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.


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