Enbridge Inc., the world’s largest oil export pipeline system operator, is rationing space on its key Canada line, adding yet another headwind for oil producers.
Advertisement 2
Story continues below
This advertisement has not loaded yet, but your article continues below.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS
Subscribe now to read the latest news in your community.
Unlimited online access to all articles on thewhig.com.
Access to subscriber-only content, including History: As We Saw It, a weekly newsletter that rips history from our archives, which span almost 190 years.
Enjoy insights and behind-the-scenes analysis from our award-winning journalists.
Support local journalism and the next generation of journalists.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your community.
Unlimited online access to all articles on thewhig.com.
Access to subscriber-only content, including History: As We Saw It, a weekly newsletter that rips history from our archives, which span almost 190 years.
Enjoy insights and behind-the-scenes analysis from our award-winning journalists.
Support local journalism and the next generation of journalists.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to keep reading.
Access more articles from thewhig.com.
Share your thoughts and join the conversation in the comments.
Get email updates from your favourite journalists.
Enbridge will apportion space on the heavy oil segment of its Mainline system — known as Line 4/67/93 and running from Alberta to Wisconsin— by the most since November last year. Apportionment is when shippers reduce volume when they see too much demand on a system, and has contributed to a glut of supply in the past as producers are left with the excess.
Article content
Pipeline apportionment has previously led to large discounts for Canada’s crude oil and now threatens already-weak oil prices. The discount for Canadian heavy crude is almost $30 in Alberta, close to the widest since 2018, amid releases of high-sulfur oil from U.S. strategic petroleum reserves and high natural gas prices making Canadian oil expensive to refine.
The rise in apportionment signals that export lines may be filling up again amid record oil production in the province and rising demand for Canadian crude on the U.S. Gulf Coast.
Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.
Latest National Stories
News Near Kingston
This Week in Flyers
Notice for the Postmedia Network
This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy.
Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.