June 12 (Reuters) - The discount on Western Canada
Select (WCS) to the North American benchmark West Texas
Intermediate (WTI) futures widened on Thursday.
WCS for July delivery in Hardisty, Alberta, settled at $9.05
a barrel under the U.S. benchmark WTI, according to brokerage
CalRock, compared with $8.90 a barrel in Wednesday's trade.
* WCS discounts had tightened last week, partly due to the
wildfire situation in Western Canada that prompted several oil
sands operations in the oil-producing province of Alberta to
evacuate workers and temporarily halt production as a
precaution. About 344,000 barrels per day of production, or
about 7% of Canada's average daily crude production, was
disrupted as a result.
* Oil sands producer Cenovus Energy ( CVE ) said on
Thursday it
had restarted production at its Christina Lake oil sands
facility in Alberta and added there has been no damage to its
infrastructure. Cenovus had previously declared force majeure on
its supply of Christina Lake Dil-bit heavy crude due to the
wildfires, two sources told Reuters earlier this month.
* Other Canadian oil sands companies, MEG Energy ( MEGEF )
and
Canadian Natural Resources ( CNQ ), have also moved to restore
full production capacity after wildfire-related shutdowns
earlier this month.
* Global oil prices settled slightly lower on Thursday as
traders
booked profits from a 4% rally in the prior session, driven by
concerns that worsening tensions in the Middle East could cause
supply disruptions.