Opportunity Crudes

Since the Trans Mountain Pipeline Expansion (TMX) in Canada began operations in early May, crude cargo sales at its Westridge docks near Vancouver, BC, have shifted from direct bilateral agreements to brokered transactions.

Canadian oil sands production is poised for a significant boost, with S&P Global Commodity Insights projecting a 15% increase by 2030 due to optimization efforts.

The TMX project has entered commercial operations, marking a transformative milestone in the nation's energy landscape.

As the anticipated start date of May 1, 2024, approaches for the expanded Trans Mountain (TMX) pipeline in Canada, major oil companies have expressed significant concerns regarding its readiness

The US's approach to Venezuela's sanction relief is increasingly conditioned on significant electoral reforms, signaling a firm stance on democratic processes.

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.