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August 6, CHARTS

WCS differential widened to $31/B; US oil production fell by 30 MB/d; There are 2X rigs targeting oil vs gas in WCSB

WCS differential has doubled since June; Crude by rail exports hit record highs ; Iran threatens to block the Strait of Hormuz

US crude oil production hits a record of 11MMB/d; Japanese LNG imports fall to 2 year lows; Share of oil wells increases in contrast to 2017

Bank of Canada raises rates to 1.5%; WCS differential narrows due to supply outages; Activity rate in the WCSB surges to 37%