• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Enbridge won’t ration Mainline deliveries as oil cuts mount

April 20, 202011:53 AM Reuters0 Comments

Pipeline operator Enbridge Inc said on Monday it would not ration June deliveries on North America’s biggest oil pipeline network, the Mainline, as Canada’s oil producers step up production curtailments to cope with low prices.

The notice by Enbridge shows pipeline congestion that has played a role in the deep discounting of Canadian crude is easing as producers shut in production to cope with plunging demand for crude caused by the coronavirus outbreak.

Enbridge’s Mainline has capacity for 3 million barrels a day moving western Canadian oil to U.S. refiners. The pipeline has been regularly oversubscribed in recent years, forcing Enbridge to ration the number of barrels each shipper can move.

Shipping constraints have eased, however, as oil sands producers have turned down an estimated 300,000 barrels per day of output, primarily at steam-driven extraction sites.

Enbridge said earlier this month it was running the Mainline with unused capacity and that some 20% to 25% of Western Canada’s oil production could be shut in during the second quarter.

Husky Energy Inc and Crescent Point Energy Corp on Monday cut spending and production, days after Canada’s federal government offered financial relief to the hard-hit sector.

Crescent Point Enbridge Husky Energy

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Canada unveils GHG reduction credits to boost carbon trading market
  • Canada’s weekly rig count drops 5 to 172
  • AER suspends SanLing Energy Ltd.’s operations
  • U.S. drillers add oil and gas rigs for second week in a row
  • Tamarack Valley Energy upsizes previously announced financing

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.