MARKET ANALYSIS
AS PREPARED BY COMMISSION STAFF
June 30, 2015

 

The following analysis has been used by the Commission as part of its price adjustment methodology and is provided here to assist the public in understanding some of the background factors influencing current market prices.

 

Crude Track:
  Recent Crude (US$/bbl)
    WTI Brent
 

Jun 17

 $ 59.92

$ 63.87
 

Jun 18

 $ 60.45

$ 64.26
 

Jun 19

 $ 59.61

$ 63.02
 

Jun 22

 $ 59.68

$ 63.34
 

Jun 23

 $ 61.01

$ 64.45
 

Jun 24

 $ 60.27

$ 63.49
 

Jun 25

 $ 59.70

$ 63.20
 

Jun 26

 $ 59.63

$ 63.26
 

Jun 29

 $ 58.33 $ 62.01
 Average Brent Crude for June: $ 63.71.
 
West Texas Intermediate
  Average Average Average
  2015 2014 2013
January  $ 47.56  $ 94.73  $ 94.70
February  $ 50.78  $100.57  $ 95.50
March  $ 47.87  $100.46  $ 92.73
April  $ 54.63  $102.15  $ 89.59
May  $ 59.32  $101.79  $ 94.93
June $ 59.77  $105.14  $ 95.76
July   $102.39  $104.68
August   $ 96.08  $106.49
September   $ 93.03  $106.24
October   $ 84.52  $100.74
November   $ 77.55  $ 94.00
December   $ 59.82  $ 97.87
         
  US $
Per Barrel		 CDN  Cents
Per Litre		 CDN Cents
Per Litre		 CDN Cents
Per Litre
  CRUDE RUL F/O DIESEL
Jun 27/15 $ 59.63 120.2 83.7 117.3
Jun 27/14 $105.84 138.6 106.8 142.7
YOY Diff. -46.21 -18.4 -23.1 -25.4
% Change -43.7% -13.3% -21.6% -17.8%

Commentary:


Crude pricing has remained relatively stable, hovering around $60.00 per bbl (WTI) and $63.00 per bbl (Brent) for much of the past two weeks.  Market concern regarding oversupply and less than robust demand recovery, continued strong U.S. domestic crude production and Europe's pre-occupation with the Greek debt crisis have all influenced market pricing over this period.  Given adequate refined product inventory levels as reported by the DOE in recent weeks, relative stability of both crude and refined product pricing could be anticipated for at least the near future.

Note:

Legend:
DOE Department of Energy
RUL Regular Unleaded Gasoline
F/O Furnace Oil
WTI West Texas Intermediate