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Oil supplies to stay tight
July 10, 2018
Source: World Oil

Oil supplies to stay tight

Unless Syncrude oil-sand operations come back online, Canadian crude supplies will stay a little off track this week. Suncor has said that the maintenance of pipeline shipments facility has been accelerated to alleviate the impact of the same. The crisis at Syncrude facility, which can produce 350,000 bbld has come at a time when Venezuela’s downfall, tensions in Libya and US sanctions on Iran are already pushing up prices.

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