• 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

Heavy discount narrows as pipeline leak cuts off supplies

September 2, 20201:37 PM Reuters0 Comments

Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Wednesday, after a pipeline leak in Alberta disrupted oil shipments.

Imperial Oil Ltd said it had shut all production at its 220,000-barrel-per-day (bpd) Kearl oil sands site in Canada due to an outage of part of the Polaris diluent pipeline following the spill.

Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $9.40 per barrel below WTI, according to NE2 Canada Inc. It settled the previous day at $9.90 under.

The pipeline outage crimped supplies as Canadian oil sands companies were steadily restoring production that had been shut in after the coronavirus pandemic spread and curbed demand from refineries.29dk2902l

Light synthetic oil from the oil sands for October delivery traded at $2.75 below WTI, unchanged from the previous day’s settle.

Global oil prices fell more than 1.5%, reversing course as gasoline demand fell in the United States in the latest week, an indication that economic recovery from the pandemic may be slower than expected.

Canadian Oil Sands Imperial Oil

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Attack on Saudi oil site fuels upward march for crude prices
  • As debate rages over cross-border pipelines, U.S. analysts brace for more oil by rail
  • Innovus convertible frac sleeves deliver impressive bullhead injection distribution in Viking waterflood
  • Volunteering opportunity: Geoscience BC Geothermal Technical Advisory Committee
  • Spartan Delta Corp. announces completion of $45 million bought deal 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.