Canadian heavy sour crude in Hardisty, Alberta, is experiencing a significant reduction in its discount relative to Nymex crude futures.
March 16, 2024
The 590K-b/d Trans Mountain Expansion in western Canada is set to commence operations.
March 03, 2024
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.
February 17, 2024
The US is poised to reimpose sanctions on Venezuela's oil and gas sector, jeopardizing the gains made since the suspension in Oct. 2023.
February 04, 2024
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.
January 28, 2024
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.
January 21, 2024
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).
January 21, 2024
Throughout the last quarter of 2023, oil prices experienced limited recovery despite a brief rebound earlier in the year.
January 14, 2024
The Canadian oil-sands-producing province, a key player in global oil production, achieved a significant milestone as its oil output surpassed 4MM b/d in Nov., marking the highest production level since 2010.
January 13, 2024
In 2024, the Canadian oil sands industry anticipates a significant boost in export demand due to a pipeline expansion scheduled for early this year.
January 06, 2024