BOC: INFLATION INCREASINGLY LOOKS ON WAY BACK TO TARGET

CANADA MOVING TO IMPOSE TARIFFS ON CHINESE EVS

GOOLSBEE SAYS MONETARY POLICY IS QUITE RESTRICTIVE

MNI China Daily Summary: Monday, June 24

MNI BRIEF: China Urges Removal Of Car Buying Restrictions

MNI: PBOC Net Injects CNY46 Bln Via OMO Mon; Rates Unchanged

EZ/UK Bond Supply Calendar: Finland Synd; Italy, UK Due Tuesday

Weekly Index Suggests Slight Growth Slowdown

MNI: BELGIUM JUN BNB BUSINESS SURVEY -11.1

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Canada Heavy Sour Crude Prices Fall on TRX Delay

OIL

The 590,000 bpd Trans Mountain Pipeline expansion will now be completed in the second quarter at the earliest due to complications while pulling a pipe through a tunnel section.

  • The complications emerged January 25-27.
  • Heavy sour crude prices at Hardisty, Alberta, fell Monday on the delay.
  • March-delivered Western Canadian Select (WCS) at Hardisty, Alberta, was talked at near an $18/bl discount to the Nymex WTI calendar month today, about $2/bl wider than the session before according to Argus.
  • It comes shortly after the Trans Mountain Pipeline was given approval for a smaller diameter pipeline.
  • Trans Mountain said last week that line fill could be completed in late March or early April, but that schedule now appears to be unlikely due to the latest setback.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.