Forced to sell to U.S. at a $26.50 per barrel discount to WTI
Lack of pipeline capacity is driving down the price of Canadian oil, costing the country’s energy sector C$20.6 billion in lost revenues last year, Canadian public policy think-tank Fraser Institute calculates in a new study.

“Without sufficient pipelines to coastal ports, Canadian oil producers must sell their product to the United States at dramatically discounted prices, which leads to large losses for the energy sector and more broadly Canada’s economy,” said Elmira Aliakbari, associate director of natural resource studies at the Fraser Institute and co-author of The Cost of Pipeline Constraints in Canada, 2019.

The study finds that Canada’s overdependence on the U.S. ...

Legal Notice