Maintenance at oilsands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks. That figure is little changed from when Alberta’s outgoing government announced mandatory production cuts at the beginning of December to alleviate a glut. Heavy Canadian crude prices have weakened a bit this month, with Western Canadian Select’s discount to futures widening to $17.41 a barrel Tuesday. Heavy Canadian crude prices have weakened a bit this month, with Western Canadian Select’s discount to futures widening to $17.41 a barrel Tuesday. The wider gap has facilitated more rail shipments, which will rise to between 165,000 barrels and 175,000 barrels a day in April from 150,000 in March, Imperial’s Kruger said.

Source: thestar April 30, 2019 17:15 UTC