Alberta crude oil curtailments remain unchanged despite price recovery
Jan 17, 2019 | 4:57 AM
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Alberta’s energy minister says the province will be leaving its oil curtailment levels at 325-thousand barrels per day for now despite better oil prices.
Discounts for western Canadian crude have narrowed to three-and-a-half-year lows.
According to Net Energy Exchange, the difference between bitumen-blend Western Canadian Select and New York-traded West Texas Intermediate was about $8.25 U-S per barrel yesterday — the last day of the trading cycle for delivery in February.
The North American oil brokerage reports the discount was $6.95 U-S per barrel last Friday, the lowest level since June 15th, 2015, and a substantial improvement over a peak of over 52-dollars a barrel in October.
