Canadian heavy oil strengthens as Imperial shuts Kearl operation

CALGARY, Alberta (Bloomberg) -- Canadian heavy oil strengthened the most in more than a month after Imperial Oil Ltd. shut operations at its Kearl oil sands project. Operations were suspended after vibrations were detected in an ore crusher unit at the site, the company said in an emailed statement. The shutdown will last “several weeks” and customers will be supplied from inventories and through purchases of crude on the market, spokesman Pius Rolheiser said by phone. Imperial was producing 92,000 bopd at Kearl in the third quarter, the company said.


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Canadian heavy oil strengthens as Imperial shuts Kearl operation Canadian heavy oil strengthens as Imperial shuts Kearl operation Reviewed by Crude Oil Brokers on 14:27 Rating: 5

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