* The discount has narrowed in recent weeks as producerslike Canadian Natural Resources , faced with atransportation issues and the wide differential, have slowedoutput of heavy crude, analysts and traders said.
* Alberta Premier Rachel Notley said her province could buythe Trans Mountain pipeline if Kinder Morgan Canada walks away from a much-needed expansion of the existing line,buoying hope the embattled project will move ahead.
* An expected return of TransCanada Corp’s Keystonepipeline to full pressure, following a November leak, would helpreduce the discount, traders have said.
* Light synthetic crude from the oil sands for May deliverylast traded at $2.25 below WTI, a slightly narrower discountthan Friday’s settle of $2.85.
(Reporting by Julie Gordon in Vancouver)
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COMMENTARY: Canadians Should Decide What to do With Their Money – Not Politicians and Bureaucrats