Heavy Canadian Oil Weakens After Exxon Montana Refinery Fire
Production wasn’t “significantly impacted,” Rachael Moore, a Fairfax, Virginia-based spokeswoman for Exxon, said in an e-mail earlier this week.
Western Canada Select (USCSWCAS)’s discount widened $3.50 to $27.50 a barrel at 3:42 p.m. in New York, according to data compiled by Bloomberg. The refinery imported about 25,000 barrels a day of oil with gravity below 30 API from Canada in December, according to the Energy Department.
Poseidon’s premium narrowed 40 cents to $14.85, while Southern Green Canyon’s premium declined 50 cents to $15.75 a barrel. West Texas Sour (USCSWTSM)’s discount widened 80 cents to $5.
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