300K b/d of shut-ins are said to already have taken place in the province,leaving some storage space available in the province after fears arose that the ongoing price rout could result in storage space in the province being overrun.Cenovus Energy Executive Vice-President of Downstream Keith Chiasson said on April 29 stocks in the province are”flat”around 32-33MM bbl.Cenovus CEO Alex Pourbaix warned stocks in the province could spike to the province's max storage capacity of 43MM bbl,but oilsands producers were shutting in production in response to the price rout.Pourbaix said,”We are seeing the market is working.We're not seeing massive growth in storage but it's important we watch that.”
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