• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 3 hours WTI @ 67.50, charts show $62.50 next
  • 1 hour Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 hours Mike Shellman's musings on "Cartoon of the Week"
  • 7 hours Venezuela set to raise gasoline prices to international levels.
  • 12 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 1 hour Batteries Could Be a Small Dotcom-Style Bubble
  • 7 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 14 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 19 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 13 hours Corporations Are Buying More Renewables Than Ever
  • 2 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 18 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 3 hours France Will Close All Coal Fired Power Stations By 2021
Saudi Arabia And Iran Reignite The Oil Price War

Saudi Arabia And Iran Reignite The Oil Price War

As U.S. sanctions on Tehran…

U.S. Drillers Add Double Digit Oil, Gas Rigs

U.S. Drillers Add Double Digit Oil, Gas Rigs

Despite the correction in oil…

Suncor Restarts Heavy Canadian Oil Shipment From Syncrude Oil Sands

Pipeline

Suncor Energy said on Monday that pipeline shipments from the Syncrude Mildred Lake Oil Sands facility in Canada had resumed after completing repairs following a fire at the upgrader on March 14.

Over this past weekend, Syncrude completed the necessary repairs and start-up activities, and shipments had begun, Suncor said. Currently, pipeline shipments are at around 140,000 bpd (gross), and are expected to increase as additional units complete turnaround activities. Production at the facility is expected to return to full rates in June, Suncor said.

On March 27, two weeks after the March 14 incident, Suncor said that Syncrude had advanced the planned eight-week turnaround originally scheduled to begin in April, in order to mitigate the impact of the unplanned outage. In the last update to the market before the announcement of the restart of the pipeline, Suncor said on April 19 that it had launched an accelerated repair schedule to restart pipeline shipments at some 50 percent capacity in early May.

The suspension of operations at Syncrude’s upgrader in Alberta lifted Canadian oil prices substantially in early April, also strengthening U.S. blends that make up WTI, as the bulk of Canadian synthetic crude and heavy oil sands crude is exported to its southern neighbor. As a result, prices of Canadian heavy crude jumped to the highest in two years, while the price of synthetic crude, which is what the Syncrude facility produces and a lot of oil sands producers use, rose to a four-year high.

As this supply disruption of Canada’s heavy crude oil supply to the U.S. was coinciding with reduced shipment to the U.S. from OPEC, analysts had expected that Gulf Coast refineries would buy in April as much Mexican crude as they can, because higher Canadian crude prices made the similar Mexican grade cheaper and therefore more attractive.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News