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Western Canadian Select, the Glossary

️Thu May 31 2012

Western Canadian Select (WCS) is a heavy sour blend of crude oil that is one of North America's largest heavy crude oil streams and, historically, its cheapest.^[1]

169 relations: A Coruña, Aframax, Alaska North Slope, Alberta, Alberta Clipper pipeline, Alison Redford, American Petroleum Institute, API gravity, Athabasca oil sands, Atlas Maritime, Bakken formation, Bank of Canada, Barrel (unit), Benchmark (crude oil), Bilbao, Bill Ackman, Bitumen, Bloomberg L.P., BP, Brent Crude, British Columbia, British Columbia Coast, Calcium, Canada Development Investment Corporation, Canada Revenue Agency, Canadian Association of Petroleum Producers, Canadian Centre for Energy Information, Canadian Crude Index, Canadian Imperial Bank of Commerce, Canadian Natural Resources, Cartagena, Spain, CAS Registry Number, Cenovus Energy, Chengdu, Chicago Mercantile Exchange, China–United States trade war, Coker unit, COVID-19 pandemic, Cushing, Oklahoma, Deadweight tonnage, Dilbit, Directional drilling, Donald Trump, E. Hunter Harrison, Eagle Ford, Dallas, Edmonton Journal, Enbridge Northern Gateway Pipelines, Enbridge Pipeline System, Energy Information Administration, European Environment Agency, ... Expand index (119 more) »
Athabasca oil sands
Benchmark crude oils
Bituminous sands
Oil and gas markets
Proposed energy infrastructure in Canada
Proposed energy projects
Unconventional oil

A Coruña

A Coruña (La Coruña; also informally called just Coruña; historical English: Corunna or The Groyne) is a city and municipality in Galicia, Spain.

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Aframax

An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes.

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The Alaska North Slope is the region of the U.S. state of Alaska located on the northern slope of the Brooks Range along the coast of two marginal seas of the Arctic Ocean, the Chukchi Sea being on the western side of Point Barrow, and the Beaufort Sea on the eastern.

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Alberta

Alberta is one of the thirteen provinces and territories of Canada.

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Alberta Clipper pipeline

Alberta Clipper (also known as Enbridge's Line 67) is an oil pipeline in North America.

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Alison Redford

Alison Merrilla Redford (born March 7, 1965) is a Canadian lawyer and former politician.

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American Petroleum Institute

The American Petroleum Institute (API) is the largest U.S. trade association for the oil and natural gas industry.

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API gravity

The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water: if its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks. Western Canadian Select and API gravity are petroleum geology.

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Athabasca oil sands

The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of bitumen, a heavy and viscous form of petroleum, located in northeastern Alberta, Canada. Western Canadian Select and Athabasca oil sands are proposed energy infrastructure in Canada.

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Atlas Maritime

Atlas Maritime is an international shipping company with a fleet of tanker vessels engaged in the worldwide transportation of crude oil and refined oil products.

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Bakken formation

The Bakken Formation is a rock unit from the Late Devonian to Early Mississippian age occupying about of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba.

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Bank of Canada

The Bank of Canada (BoC; Banque du Canada) is a Crown corporation and Canada's central bank.

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Barrel (unit)

A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth.

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Benchmark (crude oil)

A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. Western Canadian Select and benchmark (crude oil) are benchmark crude oils.

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Bilbao

Bilbao is a city in northern Spain, the largest city in the province of Biscay and in the Basque Country as a whole.

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Bill Ackman

William Albert Ackman (born May 11, 1966) is an American billionaire hedge fund manager, who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company.

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Bitumen

Bitumen is an immensely viscous constituent of petroleum.

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Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

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BP

BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England.

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Brent Crude

Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself. Western Canadian Select and Brent Crude are benchmark crude oils and oil and gas markets.

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British Columbia

British Columbia (commonly abbreviated as BC) is the westernmost province of Canada.

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British Columbia Coast

The British Columbia Coast, popularly referred to as the BC Coast or simply the Coast, is a geographic region of the Canadian province of British Columbia.

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Calcium

Calcium is a chemical element; it has symbol Ca and atomic number 20.

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Canada Development Investment Corporation

The Canada Development Investment Corporation (CDEV; Corporation de développement des investissements du Canada) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Canada, including making purchases and sales of assets on behalf of the King-in-Council.

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Canada Revenue Agency

The Canada Revenue Agency (CRA) is the revenue service of the Canadian federal government, and most provincial and territorial governments.

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Canadian Association of Petroleum Producers

The Canadian Association of Petroleum Producers (CAPP), with its head office in Calgary, Alberta, is a lobby group that represents the upstream Canadian oil and natural gas industry.

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Canadian Centre for Energy Information

The Canadian Centre for Energy Information (CCEI) is a Canadian federal government website and portal that was announced on May 23, 2019.

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Canadian Crude Index

The Canadian Crude Oil Index (CCI) serves as a benchmark for oil produced in Canada. Western Canadian Select and Canadian Crude Index are economy of Canada.

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Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce (CIBC; Banque canadienne impériale de commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario.

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Canadian Natural Resources

Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, with offshore operations in the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon.

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Cartagena, Spain

Cartagena is a Spanish city and a major naval station on the Mediterranean coast, south-eastern Iberia.

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CAS Registry Number

A CAS Registry Number (also referred to as CAS RN or informally CAS Number) is a unique identification number, assigned by the Chemical Abstracts Service (CAS) in the US to every chemical substance described in the open scientific literature, in order to index the substance in the CAS Registry.

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Cenovus Energy

Cenovus Energy Inc. (pronounced se-nō-vus) is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta.

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Chengdu

Chengdu is the capital city of the Chinese province of Sichuan.

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Chicago Mercantile Exchange

The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive.

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China–United States trade war

An economic conflict between China and the United States has been ongoing since January 2018, when U.S. President Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft.

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Coker unit

A coker or coker unit is an oil refinery processing unit that converts the residual oil from the vacuum distillation column into low molecular weight hydrocarbon gases, naphtha, light and heavy gas oils, and petroleum coke.

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COVID-19 pandemic

The COVID-19 pandemic (also known as the coronavirus pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an outbreak of COVID-19 in Wuhan, China, in December 2019.

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Cushing, Oklahoma

Cushing (Koshineki, Amína P^óp^oye Chína, meaning: "Soft-seat town") is a city in Payne County, Oklahoma, United States.

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Deadweight tonnage

Deadweight tonnage (also known as deadweight; abbreviated to DWT, D.W.T., d.w.t., or dwt) or tons deadweight (DWT) is a measure of how much weight a ship can carry.

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Dilbit

Dilbit (diluted bitumen) is a bitumen diluted with one or more lighter petroleum products, typically natural-gas condensates such as naphtha. Western Canadian Select and Dilbit are bituminous sands.

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Directional drilling

Directional drilling (or slant drilling) is the practice of drilling non-vertical bores.

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Donald Trump

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.

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E. Hunter Harrison

Ewing Hunter Harrison (November 7, 1944 – December 16, 2017) was a railway executive who served as the CEO of Illinois Central Railroad (IC), Canadian National Railway (CN), Canadian Pacific Railway (CP), and CSX Corporation.

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Eagle Ford, Dallas

Ledbetter/Eagle Ford is a neighborhood in West Dallas, Texas, United States.

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Edmonton Journal

The Edmonton Journal is a daily newspaper published in Edmonton, Alberta, Canada.

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Enbridge Northern Gateway Pipelines

The Enbridge Northern Gateway Pipelines were a planned-but-never-built project for a twin pipeline from Bruderheim, Alberta, to Kitimat, British Columbia.

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Enbridge Pipeline System

The Enbridge Pipeline System is an oil pipeline system which transports crude oil and dilbit from Canada to the United States. Western Canadian Select and Enbridge Pipeline System are Athabasca oil sands.

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Energy Information Administration

The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

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European Environment Agency

The European Environment Agency (EEA) is the agency of the European Union (EU) which provides independent information on the environment.

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European Union

The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe.

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Executive Council of Alberta

The Executive Council of Alberta (the Cabinet) is a body of ministers of the Crown in right of Alberta, who along with the lieutenant governor, exercises the powers of the Government of Alberta.

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Petroleum is a fossil fuel that can be drawn from beneath the Earth's surface.

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ExxonMobil

ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller's Standard Oil.

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Fairfield, Connecticut

Fairfield is a town in Fairfield County, Connecticut, United States.

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Federal Register

The Federal Register (FR or sometimes Fed. Reg.) is the official journal of the federal government of the United States that contains government agency rules, proposed rules, and public notices.

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Financial Post

The Financial Post is a financial news website, and business section of the National Post, both publications of the Postmedia Network.

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Fort McMurray

Fort McMurray is an urban service area in the Regional Municipality of Wood Buffalo in Alberta, Canada.

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Fracking

Fracking (also known as hydraulic fracturing, fracing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of formations in bedrock by a pressurized liquid. Western Canadian Select and Fracking are unconventional oil.

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Futures contract

In finance, a futures contract (sometimes called futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other.

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General Electric

General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston.

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Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company.

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Gulf Coast of the United States

The Gulf Coast of the United States, also known as the Gulf South or the South Coast, is the coastline along the Southern United States where they meet the Gulf of Mexico.

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Hardisty, Alberta

Hardisty is a town in Flagstaff County in east-central Alberta, Canada.

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Harvard Law Review

The Harvard Law Review is a law review published by an independent student group at Harvard Law School.

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Heavy crude oil

Heavy crude oil (or extra heavy crude oil) is highly viscous oil that cannot easily flow from production wells under normal reservoir conditions. Western Canadian Select and heavy crude oil are unconventional oil.

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History of Alberta

The province of Alberta, Canada, has a history and prehistory stretching back thousands of years.

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History of the petroleum industry in Canada (oil sands and heavy oil)

Canada's oil sands and heavy oil resources are among the world's great petroleum deposits.

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Husky Energy

Husky Energy Inc. was a Canadian company engaged in hydrocarbon exploration, headquartered in Calgary, Alberta, Canada.

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Illinois

Illinois is a state in the Midwestern region of the United States.

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Intercontinental Exchange

Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services.

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Intercontinental Exchange Futures

The International Exchange, now ICE Futures (since 2005-04-7), based in London, was one of the world's largest energy futures and options exchanges.

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International Energy Agency

The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the global energy sector.

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Ion exchange

Ion exchange is a reversible interchange of one species of ion present in an insoluble solid with another of like charge present in a solution surrounding the solid.

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Irving Oil

Irving Oil Ltd. is a Canadian privately-owned intergenerational gasoline, oil, and natural gas producing and exporting company, a subsidiary of the parent company Irving Group of Companies,one of the largest "private conglomerates" in North America.

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Jason Kenney

Jason Thomas Kenney (born May 30, 1968) is a former Canadian politician who served as the 18th premier of Alberta from 2019 until 2022, and the leader of the United Conservative Party (UCP) from 2017 until 2022.

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Joe Biden

Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who is the 46th and current president of the United States since 2021.

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Justin Trudeau

Justin Pierre James Trudeau (born December 25, 1971) is a Canadian politician who has been serving as the 23rd prime minister of Canada since 2015 and the leader of the Liberal Party since 2013.

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Keith Creel

Keith Creel (born 1968) is the president and chief executive officer of Canadian Pacific Kansas City.

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Keystone Pipeline

The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC Energy and, as of March 2020, the Government of Alberta.

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Kinder Morgan Energy Partners

Kinder Morgan Energy Partners LP (KMEP) is a subsidiary of Kinder Morgan, Inc. The company, which is classified as an oil and gas master limited partnership (MLP), owns or operates petroleum product, natural gas, and carbon dioxide pipelines, related storage facilities, terminals, power plants and retail natural gas in the United States and Canada.

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Kitimat

Kitimat is a district municipality in the North Coast region of British Columbia, Canada.

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Koch Industries

Koch Industries, Inc. is an American multinational conglomerate corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill.

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Kyoto Protocol

The was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that global warming is occurring and that human-made CO2 emissions are driving it.

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Lac-Mégantic rail disaster

The Lac-Mégantic rail disaster occurred in the town of Lac-Mégantic, Quebec, Canada, on July6, 2013, at approximately 1:14 a.m. EDT, when an unattended 73-car Montreal, Maine and Atlantic Railway (MMA) freight train carrying Bakken Formation crude oil rolled down a 1.2% grade from Nantes and derailed downtown, resulting in the explosion and fire of multiple tank cars.

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Light crude oil

Light crude oil is liquid petroleum that has a low density and flows freely at room temperature. Western Canadian Select and Light crude oil are oil and gas markets.

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Lime softening

Lime softening (also known as lime buttering, lime-soda treatment, or Clark's process) is a type of water treatment used for water softening, which uses the addition of limewater (calcium hydroxide) to remove hardness (deposits of calcium and magnesium salts) by precipitation.

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List of crude oil products

In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. Western Canadian Select and List of crude oil products are petroleum industry.

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Magnesium

Magnesium is a chemical element; it has symbol Mg and atomic number 12.

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Minneapolis–Saint Paul

Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota, and St. Croix rivers in the U.S. state of Minnesota.

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Minnesota

Minnesota is a state in the Upper Midwestern region of the United States.

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Minnesota Pipe Line

The Minnesota Pipe Line (or MPL) is a crude oil pipeline that runs from Clearbrook, Minnesota southward to the Twin Cities.

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Montreal

Montreal is the largest city in the province of Quebec, the second-largest in Canada, and the tenth-largest in North America.

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Murcia

Murcia is a city in south-eastern Spain, the capital and most populous city of the autonomous community of the Region of Murcia, and the seventh largest city in the country.

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Muskiz

Muskiz is a town and municipality located in the province of Biscay, in the autonomous community of the Basque Country, northern Spain.

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Naphtha

Naphtha is a flammable liquid hydrocarbon mixture.

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National Bank of Canada

The National Bank of Canada (Banque Nationale du Canada) is the sixth largest commercial bank in Canada.

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Natural-gas condensate

Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields.

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New York Mercantile Exchange

The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago.

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North America

North America is a continent in the Northern and Western Hemispheres.

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North Dakota

North Dakota is a landlocked U.S. state in the Upper Midwest, named after the indigenous Dakota Sioux.

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North Dakota oil boom

The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the discovery of Parshall Oil Field in 2006, and peaked in 2012, but with substantially less growth noted since 2015 due to a global decline in oil prices.

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Oil & Gas Journal

The Oil & Gas Journal is a leading petroleum industry weekly publication with a worldwide coverage. Western Canadian Select and Oil & Gas Journal are petroleum industry.

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Oil refinery

An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha.

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Oil sands

Oil sands, tar sands, crude bitumen, or bituminous sands, are a type of unconventional petroleum deposit. Western Canadian Select and Oil sands are bituminous sands, petroleum geology and petroleum industry.

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Oil terminal

An oil terminal (also called a tank farm, tankfarm, oil installation or oil depot) is an industrial facility for the storage of oil, petroleum and petrochemical products, and from which these products are transported to end users or other storage facilities.

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OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit.

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Over-the-counter drug

Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a requirement for a prescription from a healthcare professional, as opposed to prescription drugs, which may be supplied only to consumers possessing a valid prescription.

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Pemex

Pemex (a portmanteau of Petróleos Mexicanos, which translates to Mexican Petroleum in English) is the Mexican state-owned petroleum company managed and operated by the Mexican government.

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Petro-Canada

Petro-Canada (colloquially known as Petro-Can) is a retail and wholesale marketing brand subsidiary of Suncor Energy.

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Petroleum

Petroleum or crude oil, also referred to as simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations.

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Petroleum Administration for Defense Districts

The United States is divided into five Petroleum Administration for Defense Districts, or PADDs.

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Petroleum fiscal regime

The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production.

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Petroleum industry in Canada

Petroleum production in Canada is a major industry which is important to the overall economy of North America.

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Petroleum product

Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries.

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Petronor

Petróleos del Norte S.A. (Petronor) is a Spanish oil and gas company based in Muskiz, Basque Country.

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Pipeline

A pipeline is a system of pipes for long-distance transportation of a liquid or gas, typically to a market area for consumption.

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Plains All American Pipeline

Plains All American Pipeline, L.P. is a master limited partnership engaged in pipeline transport, marketing, and storage of liquefied petroleum gas and petroleum in the United States and Canada.

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Portland–Montreal pipeline

The Portland Montreal Pipeline is a series of underground crude oil pipelines connecting South Portland, Maine, in the United States with Montreal, Quebec, in Canada.

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Postmedia Network

Postmedia Network Canada Corp. (also known as Postmedia Network, Postmedia News or Postmedia) is a foreign-owned Canadian-based media conglomerate consisting of the publishing properties of the former Canwest, with primary operations in English-language newspaper publishing, news gathering and Internet operations.

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Premier of Alberta

The premier of Alberta is the head of government and first minister of the Canadian province of Alberta.

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Premiership of Jason Kenney

The premiership of Jason Kenney spanned from April 2019 until October 2022, when Jason Kenney and his cabinet were sworn in by Lieutenant Governor of Alberta, Lois Mitchell.

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Presidency of Barack Obama

Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017.

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Prime Minister of Canada

The prime minister of Canada (premier ministre du Canada) is the head of government of Canada.

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Puertollano

Puertollano is a municipality of Spain located in the province of Ciudad Real, Castile-La Mancha.

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Rachel Notley

Rachel Anne Notley (born April 17, 1964) is a Canadian politician who was the 17th premier of Alberta from 2015 to 2019, and is the leader of the Opposition since 2019.

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Relative density

Relative density, also called specific gravity, is a dimensionless quantity defined as the ratio of the density (mass of a unit volume) of a substance to the density of a given reference material.

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Repsol

Repsol S.A., El Nuevo Herald, 2012-05-31Originally an initialism for Refinería de Petróleos de Escombreras adding the word Sol (Sun) is a Spanish multinational energy and petrochemical company based in Madrid.

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Russ Girling

Russell Keith Girling (born 1962) is a Canadian businessman.

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Russian invasion of Ukraine

On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which started in 2014.

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Saint-Joseph-de-Sorel

Saint-Joseph-de-Sorel is a town in the Regional county municipality of Pierre-De Saurel, in Montérégie, Quebec.

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Sardinia

Sardinia (Sardegna; Sardigna) is the second-largest island in the Mediterranean Sea, after Sicily, and one of the twenty regions of Italy.

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Sarroch

Sarroch (Sarrocu) is a comune (municipality) in the Metropolitan City of Cagliari in the Italian region Sardinia, located about southwest of Cagliari.

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Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia and the Middle East.

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Shale oil

Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution.

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Silicon dioxide

Silicon dioxide, also known as silica, is an oxide of silicon with the chemical formula, commonly found in nature as quartz.

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Sour crude oil

Sour crude oil is crude oil containing a high amount of the impurity sulfur.

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Spot contract

In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date.

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Steam-assisted gravity drainage

Steam-assisted gravity drainage (SAGD; "Sag-D") is an enhanced oil recovery technology for producing heavy crude oil and bitumen. Western Canadian Select and Steam-assisted gravity drainage are bituminous sands and unconventional oil.

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Stephen Harper

Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015.

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Suezmax

"Suezmax" is a naval architecture term for the largest ship measurements capable of transiting the Suez Canal in a laden condition, and is almost exclusively used in reference to tankers.

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Sullom Voe

Sullom Voe is an inlet of the North Sea between the parishes of Delting and Northmavine in Shetland, Scotland.

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Suncor Energy

Suncor Energy (Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta.

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Superior, Wisconsin

Superior (Gete-oodenaang) is a city in, and the county seat of, Douglas County, Wisconsin, United States.

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Swap (finance)

In finance, a swap is an agreement between two counterparties to exchange financial instruments, cashflows, or payments for a certain time.

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Sweet crude oil

Sweet crude oil is a type of petroleum.

See Western Canadian Select and Sweet crude oil

Syncrude

Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. Western Canadian Select and Syncrude are Athabasca oil sands.

See Western Canadian Select and Syncrude

Talisman Energy

Talisman Energy Inc. was a Canadian independent petroleum company that existed between 1993 and 2015.

See Western Canadian Select and Talisman Energy

Tarragona

Tarragona (Tarraco) is a coastal city and municipality in Catalonia (Spain).

See Western Canadian Select and Tarragona

TC Energy

TC Energy Corporation (formerly TransCanada Corporation) is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico.

See Western Canadian Select and TC Energy

Texas

Texas (Texas or Tejas) is the most populous state in the South Central region of the United States.

See Western Canadian Select and Texas

The Globe and Mail

The Globe and Mail is a Canadian newspaper printed in five cities in western and central Canada.

See Western Canadian Select and The Globe and Mail

Tight oil

Tight oil (also known as shale oil, shale-hosted oil or light tight oil, abbreviated LTO) is light crude oil contained in unconventional petroleum-bearing formations of low permeability, often shale or tight sandstone. Western Canadian Select and tight oil are unconventional oil.

See Western Canadian Select and Tight oil

Total acid number

The total acid number (TAN) is a measurement of acidity that is determined by the amount of potassium hydroxide in milligrams that is needed to neutralize the acids in one gram of oil.

See Western Canadian Select and Total acid number

Trans Mountain pipeline

The Trans Mountain Pipeline System, or simply the Trans Mountain Pipeline (TMPL), is a multiple product pipeline system that carries crude and refined products from Edmonton, Alberta, to the coast of British Columbia, Canada. Western Canadian Select and Trans Mountain pipeline are Athabasca oil sands.

See Western Canadian Select and Trans Mountain pipeline

Unconventional (oil and gas) reservoir

Unconventional (oil and gas) reservoirs, or unconventional resources (resource plays) are accumulations where oil and gas phases are tightly bound to the rock fabric by strong capillary forces, requiring specialised measures for evaluation and extraction. Western Canadian Select and unconventional (oil and gas) reservoir are petroleum geology, petroleum industry and unconventional oil.

See Western Canadian Select and Unconventional (oil and gas) reservoir

United Conservative Party

The United Conservative Party of Alberta (UCP) is a conservative political party in the province of Alberta, Canada.

See Western Canadian Select and United Conservative Party

United States Department of Commerce

The United States Department of Commerce (DOC) is an executive department of the U.S. federal government concerned with creating the conditions for economic growth and opportunity.

See Western Canadian Select and United States Department of Commerce

United States Department of State

The United States Department of State (DOS), or simply the State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations.

See Western Canadian Select and United States Department of State

Upgrader

An upgrader is a facility that upgrades bitumen (extra heavy oil) into synthetic crude oil. Western Canadian Select and upgrader are bituminous sands.

See Western Canadian Select and Upgrader

USA Today

USA Today (often stylized in all caps) is an American daily middle-market newspaper and news broadcasting company.

See Western Canadian Select and USA Today

Vancouver

Vancouver is a major city in western Canada, located in the Lower Mainland region of British Columbia.

See Western Canadian Select and Vancouver

Vertical integration

In microeconomics, management and international political economy, vertical integration is an arrangement in which the supply chain of a company is integrated and owned by that company.

See Western Canadian Select and Vertical integration

Volatility (finance)

In finance, volatility (usually denoted by "σ") is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns.

See Western Canadian Select and Volatility (finance)

West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. Western Canadian Select and West Texas Intermediate are benchmark crude oils.

See Western Canadian Select and West Texas Intermediate

References

[1] https://en.wikipedia.org/wiki/Western_Canadian_Select

Also known as Western Canada Select.

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Western Canadian Select, the Glossary

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