Western Canadian Select
Abbreviation
WCS
Western Canadian Select (WCS) is a name for heavy oil from Western Canada
- Significant amount is sent to refiners in the Northern United States (by pipeline and rail)
2018 Price Discount
- In late 2018 WCS traded at a steep (50%) discount to WTI
- This was due to inability to transport it (rails and pipeline full) + US Refinery Maintenance