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Alberta's temporary oil production cuts

机译:艾伯塔省的临时石油生产削减

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摘要

Alberta Premier Rachel Notley announced in late 2018 that an 8.7% cut in oil production in 2019,some 325,000 b/d,would be needed to bolster sagging Canadian crude prices caused by rising oil sands production that had outstripped pipeline capacity and led to a storage glut.Cuts were to be reduced to 95,000 b/d once storage volumes returned to more’normal’levels.According to a new IHS Markit report,since the curtailment was announced in December,western Canadian crude price differentials have narrowed to a level much tighter than averaged in 2018.The heavy oil differential between Western Canadian Select(WCS)in Hardisty,Alberta,and West Texas Intermediate(WTI)at Cushing has averaged about $12/b.Mixed Sweet Blend(conventional light oil)has averaged less than $5/b beneath WTI,while Synthetic Crude Oil has averaged just over $l/b beneath WTI.This compares with $27/b,$12/b and $7/b beneath WTI in 2018,respectively.
机译:艾伯塔省雷尼米尔·伦敦·诺格尔·诺格尔利于2018年底宣布,2019年石油产量减少8.7%,约有325,000升,将在升高管道产能上升的油砂生产和导致储存 Glut.Cuts是减少到95,000 B / D一旦储存量返回到更多的Normal'levels.Actake Markit报告,由于缩减以12月宣布,西加拿大原油价格差异缩小到了一个水平 比2018年的平均值更紧张。加拿大人,艾伯塔省和西德克萨斯州德克萨斯州德克萨斯州的中加拿大人选择(WCS)之间的重油差异平均约为12美元/ B.mixed甜混合物(常规轻油)平均小于 WTI下面$ 5 / b,而合成原油平均刚刚超过$ l / b。这与2018年的WTI下面的$ 27 / b,12美元/ b和7美元/ b比较。

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