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Received yesterday — 12 June 2026 ⏭

Globalnews - World
Canadian oil outages, bad weather to tighten inventories at key US storage hub 11 June 2026 at 22:15

Canadian oil outages, bad weather to tighten inventories at key US storage hub

Globalnews - World

By: Ken MacGillivray

11 June 2026 at 22:15

Wet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.

Refineries in the U.S. ‌Midwest, which have no access to waterborne crude supplies, are heavily dependent on Canadian oil and many of the region's refineries have been designed to handle oil sands crude.

Globalnews
Canadian oil outages, bad weather to tighten inventories at key US storage hub 11 June 2026 at 22:15

Canadian oil outages, bad weather to tighten inventories at key US storage hub

By: Ken MacGillivray

11 June 2026 at 22:15

Wet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.

Refineries in the U.S. ‌Midwest, which have no access to waterborne crude supplies, are heavily dependent on Canadian oil and many of the region's refineries have been designed to handle oil sands crude.