WCS meaning in Regional ?

Answer:

What is Western Canadian Select mean?

Western Canadian Select (WCS) is a heavy sour blend of crude oil that is one of North America's largest heavy crude oil streams. It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus Energy Inc.), Canadian Natural Resources Limited, Petro-Canada (now Suncor) and Talisman Energy Inc. (now Repsol Oil & Gas Canada Inc.). It is a heavy blended crude oil, composed mostly of bitumen blended with sweet synthetic and condensate diluents and 21 existing streams of both conventional and unconventional Alberta heavy crude oils at the large Husky Midstream General Partnership terminal in Hardisty, Alberta. Western Canadian Select—the benchmark for heavy, acidic (TAN <1.1) crudes—is one of many petroleum products from the Western Canadian Sedimentary Basin oil sands. Calgary-based Husky Energy, now a subsidiary of Cenovus, had joined the initial four founders in 2015;

Western Canada Select (WCS) is the "price obtained for many Alberta producers of oil" according to the Government of Alberta's "Economic Dashboard". The Dashboard reported that the WCS price was $US45.13 a barrel in February 2021, which represents an increase of 65.4% compared to February 2020. The price of other Canadian crude blends produced locally are also based on the price of the benchmark.

reference

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