UPDATE 1-Canada crude-Spreads widen on tight pipe space

* Western Canada Select heavy $16.30/bbl under WTI

* Synthetic crude $1.50/bbl under

* Spreads widen pipeline restrictions
(Adds details)

CALGARY, Alberta, Oct 29 (BestGrowthStock) – Canadian cash crude
spreads have widened as pipeline operators further ration the
space available to move oil out of the Alberta market, market
sources said on Friday.

Western Canada Select heavy blend for December delivery was
quoted at $16.30 a barrel under benchmark West Texas
Intermediate, compared with around $15-$15.30 under WTI on
Tuesday.

Synthetic crude for December was seen at around $1.50 under
WTI, from a range of 85 cents to $1.20 under earlier this
week.

Kinder Morgan Inc (KMP.N: ) has apportioned space on its
Trans Mountain line taking Alberta oil to Vancouver and Puget
Sound by 32 percent, the company said earlier this week.
[ID:nN28342777]

As well, the company also apportioned its Express-Platte
pipeline systems, running from Alberta to Illinois, by about 20
percent for November for undisclosed reasons. [ID:nN28550244].

“The apportionment surprised everybody,” a trader said. “If
you are prepared for it, it’s easily handled but it caught
everybody off guard.”

Kinder Morgan’s move follows on Enbridge Inc’s (ENB.TO: )
decision last week to chop shipper nominations on a number of
its lines due to overbooking and some capacity restrictions.

It cut nominated volumes on Lines 5, 6A, 14 as well as the
portion of line 62 running downstream of Superior, Wisconsin,
by 9 percent for November. [ID:nN22185830]

WTI weakened 50 cents to around $81.68 Friday afternoon
after data showing tepid U.S. economic growth in the third
quarter left investors cautious ahead of expected monetary
easing from the U.S. Federal Reserve.

It was a busy autumn for oil sands plant and refinery
maintenance. Much of the work has been wrapping up in recent
weeks.

Suncor Energy Inc (SU.TO: ) said on Monday it restarted units
at its 135,000 bpd Edmonton, Alberta, refinery, which were shut
for planned work on Oct. 12.

Scheduled maintenance at the company’s 80,000 bpd Sarnia,
Ontario, plant wrapped up on Wednesday after six weeks of work.
[ID:nWNA3027]

Suncor restarted an upgrader at its 350,000 bpd Alberta oil
sands plant on Oct. 17 following six weeks of upkeep.

Husky Energy Inc (HSE.TO: ) is expected to start up its
82,000 bpd Lloydminster heavy oil upgrader in the coming weeks
following two months of maintenance.
(Reporting by Scott Haggett; editing by Peter Galloway)

UPDATE 1-Canada crude-Spreads widen on tight pipe space