Syncrude Surges After Suncor Shuts Upgrader for Unplanned Work
Output from the Fort McMurray, Alberta, plant will be reduced to about 140,000 barrels a day, Suncor said in a statement yesterday. The oil-sands refinery had average output of 361,000 barrels a day in February, according to the Calgary- based company’s website.
Western Canada Select (USCSWCAS)’s discount narrowed $1.75 to $34 a barrel. Bakken oil’s discount narrowed $2.25 to $16 a barrel.
Thunder Horse’s premium to WTI added 10 cents to $20.50 and Mars Blend (USCSMARS) strengthened 10 cents to a premium of $15.70. Poseidon’s premium was unchanged at $15.20. Southern Green Canyon’s gained 35 cents to $15.75 over WTI.
West Texas Sour (USCSWTSM)’s discount widened 10 cents to $4.60 a barrel.
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