Opportunity Crudes

Amidst anticipation of the expanded Trans Mountain pipeline, Canadian oil shipments to Los Angeles have reached their highest level in four years.

Canada's Trans Mountain Expansion (TMX) crude pipeline, set to commence operations within the next three months, represents a significant milestone in the country's energy infrastructure.

Canadian heavy sour crude in Hardisty, Alberta, is experiencing a significant reduction in its discount relative to Nymex crude futures.

The 590K-b/d Trans Mountain Expansion in western Canada is set to commence operations.

The impending commissioning of the Trans Mountain Expansion Project (TMX) presents multifaceted challenges for US Gulf Coast (USGC) refiners, particularly in terms of crude availability and procurement.

The US is poised to reimpose sanctions on Venezuela's oil and gas sector, jeopardizing the gains made since the suspension in Oct. 2023.

Canada's Trans Mountain Expansion (TMX) pipeline, with a capacity of 590K b/d, is poised to commence loading crude onto vessels from Canada's Pacific coast in late March or early April.

The impending startup of Canada's Trans Mountain Expansion Project (TMX) is poised to reshape the global oil and gas market, particularly impacting US refiners, with Gulf Coast refineries facing substantial challenges.

The approval of construction plan adjustments for the existing Trans Mountain pipeline by Canada's energy regulator has led to a narrowing of the discount at which Canadian crude trades to US West Texas Intermediate (WTI).

Throughout the last quarter of 2023, oil prices experienced limited recovery despite a brief rebound earlier in the year.