Western Canadian Select discount to U.S. benchmark narrows for second day
Western Canadian Select’s discount to the West Texas Intermediate benchmark narrowed to US$13.65 a barrel from US$14.70 on Thursday, according to General Index data posted on Bloomberg and a person familiar with prices.
Suncor said late Thursday that it’s temporarily curtailing some production at Firebag because of a nearby wildfire. The blaze is about eight kilometres from the site and grew to about 12,000 hectares in size since Thursday. While the blaze showed “no significant” growth toward infrastructure, it did grow toward the east and showed “extreme fire behaviour,” Alberta Wildfire said in an update.
“Today will be another challenging day for firefighters,” the department said.
Both companies said Thursday that production hasn’t been affected.