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Canadian Oil Sands sees continued volatility in light oil pricing

Canadian Press, The Canadian Press
0 Comments| November 30, 2012

CALGARY - Growing North American light oil production is expected to cause crude from the Syncrude oilsands mine to fetch a discounted price, says Canadian Oil Sands Ltd., the largest partner in the massive development.

The company's 2013 outlook released late Thursday predicts its synthetic crude — light oil that has been upgraded from tarry oilsands bitumen — to get a price US$5 lower than West Texas Intermediate, a key U.S. light oil benchmark.

© The Canadian Press, 2005

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