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(Bloomberg) – Canadian heavy crude has increased after a spill closed a pipeline reaching two primary oil sands sites in Alberta.
After Saturday morning’s escape, Inter Pipeline Ltd.closed the western segment of its Polaris network at 240,000 barrels according to the day.Inc.se combined with the sticky bitumen they produce, so it can be shipped through pipes.
The crude Benchmark Western Canadian Select for october delivery rose 2.9% to $33.53 on Tuesday, reducing its delivery to West Texas Intermediate to $9.85, the first time the spread has fallen below $10 since August 17, according to NE2 Group data.
There is still no estimate for a restart of the affected polaris of the Polaris formula and no updates were expected on Tuesday, Inter Pipeline said.The eastern part of the pipeline, which feeds some other oil sand sites, is fully operational.
Husky, operator of the Sunrise site, affected by the closure of the pipe, “however, we have other features to help mitigate the effects,” spokeswoman Dawn Delaney said.
Imperial stated that it was evaluating the effect of the pipeline closure on its Kearl heavy crude oil mine.Kearl’s cogeneration force readings were 0 on Tuesday, according to the knowledge of the Alberta Electric System Operator.
See also: Inter Pipeline resumes in Corridor piping system
Inter Pipeline is working to excavate the line, said Shawn Roth, spokesman for the Alberta Energy Regulator.New dams have been deployed and containment measures have been taken.The site is difficult to access, but a helicopter and cars have arrived at the site.he said.
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