Oil Prices North America: Live US & Canada Market Data
Real-time oil price tracking for North American markets with regional benchmarks and analysis
Live North American Oil Prices
WTI Crude
Western Canadian Select
Brent (Reference)
North American Oil Market Analysis
Market Overview
North America has transformed from a major oil importer to a net exporter, driven by shale oil production growth. Key market characteristics include:
- • Shale oil production flexibility
- • Pipeline infrastructure constraints
- • Strategic Petroleum Reserve activities
- • Refining capacity optimization
Key Production Regions
Regional Market Breakdown
🇺🇸 United States
Production: ~13 million bbl/day
Consumption: ~20 million bbl/day
Key Regions: Texas, North Dakota, New Mexico
Market Note: World's largest producer
Major Shale Plays:
🇨🇦 Canada
Production: ~5.5 million bbl/day
Exports: ~4 million bbl/day (mostly to US)
Key Regions: Alberta, Saskatchewan
Market Note: Oil sands and conventional
Production Mix:
🛢️ Price Differentials
WTI vs Brent Spread
Typically reflects transport costs and supply/demand differences
WCS vs WTI Spread
Reflects quality difference and pipeline constraints
📊 Market Dynamics
Key Pipeline Infrastructure
🚇 Keystone System
Capacity: 830,000 bbl/day
Route: Canada to Texas
Operator: TC Energy
🚇 Colonial Pipeline
Capacity: 2.5 million bbl/day
Route: Texas to East Coast
Products: Refined products
🚇 Enbridge Mainline
Capacity: 3 million bbl/day
Route: Canada to Midwest
Operator: Enbridge
🚇 Trans Mountain
Capacity: 890,000 bbl/day
Route: Alberta to Vancouver
Status: Expansion ongoing
North American Oil Market Drivers
Shale Efficiency
Technological advances reducing breakeven costs and response times
Export Growth
Infrastructure enabling increased crude and product exports
Policy Impact
Federal leasing policies and environmental regulations
Capital Discipline
Industry focus on returns over growth driving efficiency
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