The Western Canadian Select benchmark for October delivery rose 2.9% to US $ 33.53 per barrel on Tuesday, reducing its discount at West Texas Intermediate to US $ 9.85, the first time that the spread has fallen below US $ 10 since Aug. 17, according to data from NE2 Group. .
There is still no estimate for a restart of the affected segment of the Polaris system and no update was expected on Tuesday, Inter Pipeline said. The eastern section of the pipeline, which feeds some other oil sands operations, is fully operational.
Husky, operator of the Sunrise site, was affected by the pipeline shutdown, “however, we have other options to help mitigate the effects,” said spokesperson Dawn Delaney.
Imperial said it is assessing the impact of the pipeline shutdown on its Kearl heavy crude mine. Kearl’s cogeneration power readings were zero Tuesday, according to data from the Alberta Electric System Operator.
Inter Pipeline is working to dig the line, said Shawn Roth, a spokesperson for the Alberta Energy Regulator. New dams have been deployed and wildlife containment measures have been taken. The site is difficult to access but a helicopter and vehicles have arrived on site, he said.