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April 15, 2025
The WCS price (USD $/Bbl) is the heavy crude oil produced primarily from the Alberta Oil Sands, it is the main oil pricing point for Canada.
- This chart shows Incorrys WCS price forecast to 2030 (actual monthly prices are shown with the blue line). The actual price in 2020 of 26.80 USD/Bbl is down 60% compared to the 65.30 USD/Bbl from 2010. The forecast increases from 48.30 USD/Bbl in 2022 to 54.65 USD/Bbl in 2030.
- Uncertainty in 2020 commodity markets saw WCS pricing fall largely due Covid’s impact.
WCS Basis Differential Forecast
WCS Basis Drivers
- Recovering Oilsands production is offset by Enbridge flows which are expected to increase in Q4 2021 as Line 3 comes into service.
- TransMountain Expansion completion in December 2022 diverts rail and Enbridge Midwest directed flows toward valuable West Coast/Asian markets.
- With incremental new pipe completed in 2022, rail shipments are no longer economic with basis narrowing.
See Also:
Brent / Urals Differential 2022-2025
Price Cap for Russian Oil (July – September 2022)
Henry Hub Natural Gas Influences (2021-2030)
Worldwide LNG Impacting Henry Hub (2010-2021)
West Texas Intermediate (WTI) Price Forecast to 2030