Nov 7 (Reuters) - The discount on Western Canada Select
to North American benchmark West Texas Intermediate futures
widened on Friday.
WCS for December delivery in Hardisty, Alberta, settled at
$11.65 a barrel under the U.S. benchmark WTI, according to
brokerage CalRock, compared to Thursday's close of $11.45.
* The differential is higher than last month but remains
tight by
historical standards.
* Analysts point to strong international buying of Canadian
crude
off the Pacific coast via the Trans Mountain pipeline,
especially by China. Buying of Canadian barrels for re-export
out of the Gulf Coast has also been stronger than usual in
reaction to additional sanctions on Russia.
* Canadian pipeline operator Enbridge ENB.TO said on Friday
it
plans early next year to formally gauge commercial interest in a
second phase of capacity expansion on its Mainline crude
pipeline network, which carries oil from Western Canada to
markets in Eastern Canada and the U.S. Midwest. The company said
if the project goes ahead, it could add 250,000 barrels per day
of additional capacity on the Mainline by 2028, helping to meet
rising demand for export access from Canadian oil shippers.
* Globally, crude prices recovered from a midday dip on
Friday on
hopes Hungary can use Russian crude oil as U.S. President Donald
Trump met Hungary's Prime Minister Viktor Orban at the White
House.