# Canada to Open First Refinery in Decades in Glutted Fuel Market | IndustryWeek

> North West Redwater's Sturgeon refinery in Alberta, Canada's first new refinery since 1984, will start producing about 40,000 barrels a day of diesel by year end. Alberta diesel demand is falling after a recession.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71183-canada-to-open-first-refinery-in-decades-in-glutted-fuel-market-industryweek
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Added diesel supply into a market already in surplus is bearish for diesel prices and for truck-fuel margins relative to crude.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-09-30 | [Europe's Oil Refineries Struggling to Cope With Diesel Glut \| Financial Post](https://feedsoft.ai/events/51273-europe-s-oil-refineries-struggling-to-cope-with-diesel-glut-financial-post.md) | +6.8% | +4.4% |
| DIESEL | 2020-03-20 | [How COVID-19 impacted grain, energy markets this week](https://feedsoft.ai/events/7427-how-covid-19-impacted-grain-energy-markets-this-week.md) | +1.3% | -8.1% |
| DIESEL | 2020-01-28 | [Diesel Fuel Market Stable as IMO Mandate Takes Hold - TT](https://feedsoft.ai/events/55257-diesel-fuel-market-stable-as-imo-mandate-takes-hold-tt.md) | -5.8% | -6.1% |
| DIESEL | 2025-04-09 | [Market Talk \| Energy Futures Down 17-23% in Early Morning Trading](https://feedsoft.ai/events/12526-market-talk-energy-futures-down-17-23-in-early-morning-trading.md) | +2.1% | -3.3% |
| DIESEL | 2025-12-10 | [Diesel Futures Slide as ULSD Market Weakens and Inventories Rise Across Global Oil Markets - oftrb.com](https://feedsoft.ai/events/21714-diesel-futures-slide-as-ulsd-market-weakens-and-inventories-rise-across-global.md) | -5.9% | -6.3% |

## Sources

- industryweek.com: https://www.industryweek.com/the-economy/competitiveness/article/22018054/canada-to-open-first-refinery-in-decades-in-glutted-fuel-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.