Selected Average Benchmark Prices(1)
| Crude Oil Prices (US$/bbl) |
July |
Q2 |
Q1 |
| Dated Brent |
85.31 |
84.94 |
83.24 |
| West Texas Intermediate ("WTI") @ Cushing |
80.48 |
80.57 |
76.96 |
Differential Dated Brent - WTI |
4.83 |
4.37 |
6.28 |
| Western Canadian Select ("WCS") @ Hardisty |
67.48 |
66.96 |
57.65 |
Differential - WTI-WCS |
13.00 |
13.61 |
19.31 |
| Condensate (C5 @ Edmonton) |
76.32 |
77.14 |
72.78 |
Differential – Condensate-WTI premium/(discount) |
(4.16) |
(3.43) |
(4.18) |
| Refining Benchmarks (US$/bbl)(2) |
July |
Q2 |
Q1 |
| Chicago 3-2-1 Crack Spread |
21.46 |
18.76 |
17.45 |
| Group 3 3-2-1 Crack Spread |
19.02 |
18.13 |
17.50 |
| Renewable Identification Numbers ("RINs") |
4.06 |
3.39 |
3.68 |
| Weighted Average Crack Spread, Net of RINs |
16.93 |
15.25 |
13.78 |
| Refined product prices (US$/bbl) |
July |
Q2 |
Q1 |
| Chicago Regular Unleaded Gasoline ("RUL") |
101.51 |
99.09 |
89.48 |
| Chicago Ultra-low Sulphur Diesel ("ULSD") |
102.80 |
99.80 |
104.27 |
| Natural Gas Prices |
July |
Q2 |
Q1 |
| AECO(3) (C$/Mcf) |
0.98 |
1.18 |
2.50 |
| NYMEX (US$/Mcf) |
2.63 |
1.89 |
2.24 |
| Foreign Exchange Rate |
July |
Q2 |
Q1 |
| US$ per C1$ Average |
0.729 |
0.731 |
0.741 |
(1) This table shows selected market benchmark prices and an average exchange rate to assist in understanding our financial results. This information will be updated monthly and may be subject to error.
(2) The 3-2-1 crack spread is an indicator of the refining margin generated by converting three barrels of crude oil into two barrels of regular unleaded gasoline and one barrel of ultra-low sulphur diesel using current month WTI based crude oil feedstock prices and on a last in, first out accounting basis (“LIFO”).
(3) AECO refers to the AECO 5A natural gas daily index.
