• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Canadian Heavy Oil Prices Pressured by Sarnia Incident

    Charlotte McLeod
    May. 08, 2012 10:49AM PST
    Oil and Gas Investing

    Reuters reported that unscheduled maintenance on a processing unit at Imperial Oil Ltd.’s (TSX:IMO) Sarnia, Ontario refinery is pressuring Canadian heavy oil prices.

    Reuters reported that unscheduled maintenance on a processing unit at Imperial Oil Ltd.’s (TSX:IMO) Sarnia, Ontario refinery is pressuring Canadian heavy oil prices.

    As quoted in the market news:

    On Tuesday, Western Canada Select heavy crude, a frequently quoted Canadian heavy oil benchmark, sold for $16.30 a barrel under West Texas Intermediate for June delivery, a $1.05 deeper discount than on Monday. Traders cited the uncertainty of the Sarnia outage for the drop.

    Click here to read the full Reuters report.

    canadamarket newsheavy oilcanadian heavy oil
    The Conversation (0)

    Go Deeper

    AI Powered
    Helicopter fighting forest fire with water bucket, smoky sky above dense green trees.

    Wildfires Slash Canadian Oil Output by 7 Percent

    Alberta Gas Fields on Sale

    Latest News

    Angkor Finalizes Disposition of Oyadao North License in Ratanakiri, Cambodia

    CHARBONE realise sa premiere livraison d'helium dans la region du Grand Toronto et signe un contrat d'approvisionnement de trois ans avec un distributeur independant

    CHARBONE Completes Its First Helium Delivery to the Greater Toronto Area and Signs Three-Year Supply Agreement with Independent Distributor

    Westport to Issue Q3 2025 Financial Results on November 10, 2025

    CHARBONE Announces the Reception of the Main Components at the Sorel-Tracy Site and the Launch of Civil Works

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES