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Keyword: tmpipeline

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  • U.S. Refiners Should Brace for Trans Mountain Pipeline Launch. ( Canada )

    02/06/2024 8:09:41 AM PST · by george76 · 19 replies
    Oil price ^ | Feb 01, 2024 | Irina Slav
    Following the news that Trans Mountain Corporation will start filling the expanded pipeline in February, with first crude to be loaded from Vancouver in April, Canadian crude prices jumped to the narrowest discount to WTI since August 2023. U.S. refiners used to cheap Canadian crude will need to start budgeting more for the commodity from this spring. Canadian oil producers are preparing for the 890,000 bpd in takeaway capacity growth. ... U.S. refiners used to cheap Canadian oil might need to reach deeper into their pockets to keep buying it. The idea behind the Trans Mountain expansion was to turn...