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Syncrude power outage consequence
June 26, 2018
Source: Reuters

Syncrude power outage consequence

The power outage at the Syncrude facility in Alberta last week is coming up with new consequences with Canada losing as much as 10% of its supply in July. The Alberta facility produces up to 360,000 bpd. Traders are of the opinion that the outage will end up tightening Canadian supplies and reduce the crude flow to Oklahoma, which acts as for the delivery point U.S. crude futures contract.

   Read More About : Canada UPSTREAM Oil Supply Syncrude
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