- Imperial Oil (IMO -1.2%) says it has shut down its Kearl oil sands operation in Alberta for “several weeks” due to a problem in its core processing plant.
- IMO says a vibration was detected at Kearl’s core ore-crushing machinery, requiring it to install replacement parts.
- Western Canadian Select, a heavy-blend price benchmark for oil sands production, rose by $1.05/bbl to a $16.10 discount to West Texas Intermediate, the biggest increase since Oct. 1
- Kearl produced 92K bbl/day during Q3, and is expected to produce up to 345K bbl/day at full capacity by 2020.