O(No!)Canada!

摘要

While WTI soared past $70,Western Canadian Select(WCS)fell to $26 in October,a more than $40 discount to WTI,severely constricting Canadian producers’profits.What's the rub? Not enough pipe to handle growing production,combined with U.S.refineries in the Midwest undergoing maintenance.Current capacity out of the Western Canadian Basin is about 4 MMbbl/d,and current production is closer to 4.4 MMbbl/d,according to IHS Markit,as reported in the Calgary Herald.