Canada crude-Discounts shrink as refiners complete upkeep

* Western Canada Select heavy $14.85-$15.35/bbl under WTI

* Synthetic crude $0.95-$1.20/bbl under

* Husky finishes upgrader work, refiners restart plants.

CALGARY, Alberta, Nov 2 (BestGrowthStock) – Canadian cash crude
spreads have tightened in recent days as a major heavy oil
upgrader and several refineries completed maintenance outages,
boosting demand, market sources said on Tuesday.

Western Canada Select heavy blend for December delivery was
quoted at $14.85 to $15.35 a barrel under benchmark West Texas
Intermediate, compared with around $16.30 under WTI on Friday.

Light synthetic crude for December was discussed at 95
cents to $1.20 under WTI, compared with about $1.50 below the
benchmark four days ago.

WTI jumped 95 cents to $83.90 a barrel, a six-month high,
on Tuesday as the U.S. dollar fell before an expected Federal
Reserve decision to inject more money into the economy and OPEC
producers signaled a tolerance for higher prices.

Discounts on Canadian crude widened last week as Kinder
Morgan Inc (KMP.N: ) apportioned space by 32 percent on its Trans
Mountain pipeline to the Pacific Coast from Alberta.

In addition, the company reduced shipper nominations by 20
percent on its Express-Platte system to Wyoming and the U.S.
Midwest from Alberta.

However, several refiners completed maintenance turnarounds
in recent days, and Husky Energy Inc (HSE.TO: ) wrapped up a
two-month outage at its 82,000 barrel a day Lloydminster heavy
oil upgrader [ID:nN01176001].

In the past week, Suncor Energy Inc (SU.TO: ) restarted its
Sarnia and Edmonton refineries. Royal Dutch Shell (RDSa.L: ) said
on Monday it was cranking up its Sarnia plant following a small
fire. [ID:nWNA3348]
(Reporting by Jeffrey Jones; editing by Rob Wilson)

Canada crude-Discounts shrink as refiners complete upkeep