Maintenance at three oil sands upgraders in Canada will take off some 500,000 bpd in production offline, helping tighten supply amid a price rally, Bloomberg reports. Canadian Natural Resources, Suncor Energy, and Syncrude will all idle an upgrader each, taking off 250,000 bpd, 130,000 bpd, and 70,000 bpd, respectively, from total oil sands production. The maintenance coincides with OPEC+’s decision to leave its production level almost unchanged, save for a concession of 130,000 bpd for Russia and 20,000 bpd for Kazakhstan. Saudi Arabia, on the other hand, said it will continue cutting 1 million bpd unilaterally this month as well, even though earlier there were reports it was going to end it as planned. Now, the Kingdom said it will keep cutting this month and next. “At the risk of sounding like a stuck record, I would once again urge caution and vigilance,” the Saudi Energy Minister told media […]