Here is update on Canada crude heavy spreads and upgraders with upcoming increase demand like Woodriver startup, XOM Billings rasing rates, and fires lack impact Regina operations. (There will be some offsets to the increasing demand from higher Bitumen production from returning Syncrude upgrade coker 8-2, Llyodminster’s upgrader output ramp-up and Shell restarting Scotford upgrader).
Reuters Comments on Bitumen/heavy price differential fail point out that the WTI-Canada Bitumen differentials are abnormally weaker because of WTI Cushing glut price impacts compared to higher Brent and other US light crude prices.
Regards