阿尔伯塔省的重质原油价格相对于美国期货价格已跌至四年多来的最低水平。
Heavy crude oil in Alberta has weakened to the lowest price relative to US futures in more than four years.
General Index的价格数据显示，截至周二，西加拿大精选原油在阿尔伯塔省的折价（也称价差）扩大至每桶31美元，而西德克萨斯中质原油的月度均价为基准，这是自2022年10月以来最大的价差。
Western Canadian Select’s discount — also called a differential — in Alberta grew to $31 a barrel compared to a monthly average of West Texas Intermediate as of Tuesday, the widest since October 2022, General Index prices show.
根据Link Data Services的数据，在美国墨西哥湾沿岸，加拿大重质原油的折价扩大至23.50美元，为2018年有数据以来的最大折价。
On the US Gulf Coast, Canadian heavy crude’s discount expanded to $23.50, the largest in data stretching back to 2018, according to Link Data Services.
这一价差是由墨西哥湾供应增加——来自委内瑞拉的进口——以及高昂的油轮运费导致石油出口成本高昂所推动的。
The gap is being driven by a supply build-up in the Gulf of Venezuelan imports and high tanker rates that make exporting oil expensive.
尽管许多大型阿尔伯塔油砂生产商拥有炼油厂，这为加拿大原油不断扩大的价差提供了天然对冲，但不断扩大的折价使纯生产商无法充分受益于因伊朗战争而飙升的油价。
While many of the biggest Alberta oil sands producers own refineries that provide a natural hedge to the widening differential for Canadian crude oil, the growing discount has prevented pure producers from fully benefiting from the run-up in oil prices due to the Iran War.
在更广泛的贸易争端背景下，加拿大和阿尔伯塔省政府已将石油贸易多元化、减少对美国的依赖列为优先事项。他们支持修建一条通往不列颠哥伦比亚省海岸、日输油量100万桶的新管道，石油可在那里装载到大型油轮上运往亚洲市场。目前，加拿大约90%的石油南下运往美国炼油厂。
The Canadian and Alberta governments have prioritized diversifying oil trade away from the US amid a wider trade dispute. They are backing a new million-barrel-a-day pipeline to the coast of British Columbia, where oil could be loaded onto large tankers for Asian markets. Currently, about 90% of Canada’s oil heads south to US refiners.
这一推动的部分目的是让加拿大石油能够通过更多进入外国市场获得更好的价格。据General Index数据，自6月以来，西加拿大精选原油在阿尔伯塔省的绝对价格大多低于每桶70美元，尽管全球基准布伦特原油期货飙升至约每桶115美元。
Part of that push is so Canadian oil can get better prices with more access to foreign markets. The absolute price of Western Canadian Select in Alberta has mostly traded below $70 a barrel since June, according to General Index, even as the global benchmark Brent futures surged to about $115 a barrel.
美国的油价压力来自从委内瑞拉进口的增加（委内瑞拉石油质量与加拿大石油相似）以及天价运费压低了需求。
The price pressures in the US are a combination of increased imports from Venezuela, which is similar in quality to Canadian oil, and sky-high shipping rates that have driven down demand.
彭博汇编的数据显示，衡量全球主要航运路线上原油运输成本的波罗的海脏油轮指数目前为7163点，本月早些时候曾升至8000点以上的创纪录高位。在美国和以色列对伊朗开战之前，该指数低于2000点。
The Baltic Dirty Tanker Index, a measure of the cost of transporting crude oil on major global shipping routes, is 7,163 after rising to a record above 8,000 earlier this month, according to data compiled by Bloomberg. The index was below 2,000 before the US-Israeli war on Iran.
加拿大重油生产商Tamarack Valley Energy Ltd.就是受到更广泛价差影响的生产商之一。该公司已签约成为扩建后的跨山公司管道项目的长期运力用户，该管道从阿尔伯塔省通往温哥华地区，将于明年开始启用。
Canadian heavy oil producer Tamarack Valley Energy Ltd. is one such producer affected by a wider differential. The company has signed up for long-term capacity on the expanded Trans Mountain Corp. pipeline, which runs from Alberta to the Vancouver area, starting next year.
该公司总裁史蒂夫·布伊泰尔斯在周三的财报电话会议上表示，让更多产品最终销往西部，提供了“将原油分散到不同市场的多元化渠道”，他相信这将有助于带来更高的收入。
Having more of its product eventually heading west provides “diversification of that barrel into different markets” that his firm believes will help bring in higher revenues, President Steve Buytels said during an earnings call on Wednesday.