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Heavy Oil Discount Narrows as Wildfires Threaten Oil Sands


These translations are done via Google Translate
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Thursday:

* WCS for August delivery in Hardisty, Alberta, settled at $14.60 a barrel below WTI, according to brokerage CalRock, having closed at $15.55 a barrel below WTI on Wednesday.

* Out-of-control wildfires in the northern Alberta oil sands region are threatening production, with very hot weather forecast to continue over the next week.

* Suncor Energy has shut down its 215,000 barrel-per-day (bpd) Firebag oil sands site in northern Alberta as a precaution due to a nearby wildfire, an Alberta government minister said on social media on Thursday.

* Imperial Oil and Cenovus Energy said they are monitoring the situation and there is no impact on their operations so far.

(Reporting by Nia Williams in British Columbia; Editing by Paul Simao)



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