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Canadian oil sands project Syncrude cuts September crude deliveries, say sources

Credit: REUTERS/TODD KOROL

The Syncrude oil sands project in northern Alberta has cut September deliveries after declaring a force majeure earlier this month, two market sources told Reuters on Thursday.

CALGARY, Alberta, Sept 23 (Reuters) - The Syncrude oil sands project in northern Alberta has cut September deliveries after declaring a force majeure earlier this month, two market sources told Reuters on Thursday.

Syncrude, which is majority-owned by Suncor Energy SU.TO, expects to cut 15-20% of deliveries to customers, one source said. Another source said that amounted to 1.5 million barrels for the month.

Suncor did not immediately respond to a request for comment.

(Reporting by Nia Williams in Calgary and Rod Nickel in Winnipeg)

((nia.williams@thomsonreuters.com; +1 403 531 1624; Reuters Messaging: nia.williams.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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