Tag: curtailments

West Fraser expands production curtailments at B.C. lumber mills

VANCOUER, B.C. – West Fraser is expanding its production cuts due to supply constraints resulting from infestations, wildfires, prices declines and log cost increases. The Vancouver-based company says it will permanently close its Chasm lumber mill and eliminate the third shift from its 100 Mile House lumber mill, both in the third quarter. The moves…

Western oil price rally unlikely to last after curtailments begin, expert panel says

By Dan HealingThe Canadian Press Thu., Dec. 13, 2018 It’s unlikely a dramatic improvement in western Canadian oil prices since Alberta announced forced production curtailments two weeks ago will continue after the cuts begin on Jan. 1, a panel of experts agreed Thursday. The difference between Western Canadian Select bitumen-blend heavy oil and New York-traded…