July 16 (Reuters) - The discount on Western Canada
Select (WCS) heavy crude versus the North American benchmark
West Texas Intermediate (WTI) widened on Tuesday:
* WCS for August delivery in Hardisty, Alberta, settled at
$13.95 a barrel below WTI on Monday, according to brokerage
CalRock.
* "After what appears to have been a production curtailment
in the range of 200 Mb/d for about eight days due to wildfires,
Alberta's oil sands output has likely fully recovered suggesting
that the threat to production sites in the oil sands region from
the fires has eased," RBN energy analyst Martin King wrote.
* However, another production curtailment could take place
at any time as numerous wildfires remain out of control in the
oil sands region with hot dry weather persisting across parts of
northeastern Alberta, King added.
* Suncor Energy ( SU ) had shut down its 215,000
barrel-per-day (bpd) Firebag oil sands site in northern Alberta
and curtailed some production in earlu July as a precaution due
to a wildfire about eight kilometres (5 miles) away, according
to the company and an Alberta government minister.
* Global oil prices settled more than 1% lower on Tuesday,
the third straight day of losses, on worries of a slowing
Chinese economy crimping demand, though declines were stemmed by
a growing consensus the U.S. Federal Reserve could begin cutting
its key interest rate as soon as September.