Enbridge running Mainline with unused space as Canada oil cuts deepen [Toronto Globe and Mail (Ontario, Canada)]
Enbridge Inc (ENB)
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Source: Toronto Globe and Mail
Enbridge running Mainline with unused space as Canada oil cuts deepen Enbridge Inc is running North America’s biggest oil pipeline network, the Mainline, with unused capacity as Canadian producers cut output because of the spread of the coronavirus and low prices, a senior executive said on Monday. The spare capacity points to mounting distress for the western Canadian province of Alberta and its already strapped energy industry as measures to contain the fast-spreading respiratory virus pummel North American oil demand. “Right now we’re going to see as much production turned down as possible in western Canada,” Vern Yu, Enbridge’s executive vice president of liquids pipelines, said in an interview. He declined to say how much space the Mainline had, but Alberta Premier Jason Kenney said last week it was running with 150,000 barrels per day of unused room. Canada, the world’s fourth-largest crude producer, could curtail as much as 1.7 million barrels per day, or a third of the country
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