RPT-Canada crude-Prices fall as more pipeline outages planned

(Repeats without changes to headline or text)

* Feb WCS heavy quoted at $21.50-$23.25 a bbl under WTI

* Light synthetic assessed at $2.25-$3.50 under

* Spreads widen as Enbridge prepares for more outages

CALGARY, Alberta, Jan 4 (BestGrowthStock) – Canadian crude oil
discounts deepened on Tuesday to levels not seen in four months
as Enbridge Inc (ENB.TO: ) told shippers it plans outages on a
troublesome U.S. pipeline, pointing to further transport
squeezes, market sources said.

Western Canada Select heavy blend for February delivery was
quoted at $21.50-$23.25 a barrel under benchmark West Texas
Intermediate, widening through the session.

That compares with about $21 a barrel under WTI last
month.

Light synthetic crude was assessed at $2.25-$3.50 a barrel
under WTI, which was close to last month’s spread.

Enbridge, the main mover of Canadian crude exports to the
United States, said on Tuesday it planned five-day outages of
its 290,000 bpd Line 6B in early February and early March.
[ID:nN04227519].

The industry is already dealing with tight transport
capacity due to high nominations following a series of Enbridge
pipeline shutdowns as well as pressure reductions on parts of
the system. That has led to a glut of oil in Western Canada,
which forced some producers to reduce shipments in December.

Enbridge has imposed apportionment throughout its network
for January.

Devon Energy Corp (DVN.N: ) said on Tuesday it restarted
10,000 barrels a day of Canadian heavy production it had shut
off last month. [ID:nN04235477]

However, marketers said they saw no indication that barrels
were any easier to move out of the region.

Last September, WCS differentials ballooned to beyond $30 a
barrel under WTI, as Enbridge struggled with the outages of
Line 6B, which was down for nine weeks following a rupture and
oil spill in Michigan, and 6A, which sprung a leak near
Romeoville, Illinois, and was off line for more than a week.
(Reporting by Jeffrey Jones; editing by Peter Galloway)

RPT-Canada crude-Prices fall as more pipeline outages planned