Oct 3 (Reuters) - The discount on Western Canada Select
to North American benchmark West Texas Intermediate futures
was unchanged on Friday.
WCS for November delivery in Hardisty, Alberta, settled at
$11 a barrel under the U.S. benchmark WTI, according to
brokerage CalRock, flat on Thursday's close.
* Canadian pipeline operator Enbridge's ( ENB ) Mainline
system -
which transports oil from Alberta to various markets in Canada
and the U.S. - is not at apportionment in October. Apportionment
is an industry term for the rationing that occurs when demand
for pipeline space exceeds capacity.
* The increase in seasonal capacity this month on the
Mainline is
due to less planned maintenance on the system, an Enbridge ( ENB )
spokesperson said.
* The WCS discount will likely continue to trade close to
its
current range, or even tighten this autumn, said RBN Energy
analyst Martin King. Midwest refining runs are at record highs
for this time of year, helping to keep the WCS discount
seasonally narrow, he said.
* Demand was strong in September for Canadian crude loaded
off
the Trans Mountain pipeline, which carries Alberta oil to the
B.C. coast for export overseas, a trend that is expected to
continue in October.
* Oil prices settled higher on Friday but posted a weekly
loss of
8.1% after news of potential increases to OPEC+ supply.