Worsening transportation bottlenecks that led to wider discount of Canadian crude oil prices stifled the production and earnings of some of the big oil sands producers in the first quarter. Not enough pipelines and crude-by-rail capacity to ship Canadian crude widened the discount at which Western Canadian Select (WCS) —the benchmark price of oil from Canada’s oil sands delivered at Hardisty, Alberta—trades relative to West Texas Intermediate (WTI) . Meanwhile, three pipeline projects—Kinder Morgan Canada’s Trans Mountain pipeline expansion, TransCanada’s Keystone XL pipeline, and Enbridge’s Line 3 have yet to be approved. On Thursday, Husky Energy said that its production in Q1 was 300,400 barrels of oil equivalent per day (boe/d), down from 320,000 boe/d in Q4 2017 and 334,000 boe/d in Q1 2017. The company lowered its annual production guidance range to 310,000-320,000 boe/d, to reflect a slower ramp up at a project in Indonesia and a “decision […]