Frigid weather in North Dakota and Canada has disrupted crude flows from Alberta’s oil sands and the Bakken shale play in the United States. The deep freeze forced TC Energy to shut down the Keystone pipeline for several hours for unplanned maintenance. Operators are much better prepared for these conditions than were those in Texas, so effects on supply were nowhere near the scale seen in the largest oil-producing state in America. Regional prices of crude oil pumped in Western Canada and in North Dakota have risen this week to lower their discounts to the U.S. benchmark, WTI Crude, after freezing winter temperatures disrupted crude flows from Alberta’s oil sands and the Bakken shale play in the United States. While frigid winter weather is not uncommon in these parts of North America, temperatures this week fell well below normal, disrupting flows on the Keystone oil pipeline from Canada to […]