Posted 11/2/2023, 9:42:29 PM
Delayed Trans Mountain Pipeline Startup Weighs on Canadian Oil Prices
- Delayed startup of government-owned Trans Mountain pipeline weighing on Canadian heavy crude prices
- Producers ramped up output ahead of new pipeline capacity coming online
- Pipeline startup delay leaves region without enough shipping capacity
- Situation increased demand for space on other pipelines, prompting apportionment
- Added Trans Mountain capacity could shrink Canadian crude discount in half, but will take time to reach normal operations