Alberta heavy crude will see a larger discount compared to the U.S. blend in 2026 than the previous year, according to CIBC analysts.
The bank said in a report that the difference between Western Canada Select (WCS), the heavy Alberta blend, and West Texas Intermediate (WTI), the U.S. light oil benchmark, will be at around US$14.25 a barrel in 2026. In 2025, the difference between the Canadian and U.S. blends was an average of US$11.30.
