Quote:
Originally Posted by BigNumbers
More importantly, we are coming into WCS's high-demand season, as WCS bbl's are used for asphalt production, and now through August is prime road repair season in NA.
We always see WCS pricing pick up this time of year, due to seasonal demand.
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While I don't disagree with the macro view of things re:WCS, something else is afoot here. As noted - Venez tar is far worse than WCS, and a number of the Gulf refineries are geared towards it and are short some barrels, so WCS is fitting into that mix nicely, fueling demand and tightening the diff. Turnaround season and asphalt season just play into the normal annual cycle for downstreamers.
