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Canadian Crude Heavy Discount to WTI Narrows on TMX Line Fill

OIL
Energy BulletsHomepageBulletCommoditiesCanada Bank of Canada Market News

Western Canadian Select’s discount in Alberta to WTI shrunk to $11.80/b, the narrowest since July 11, according to Bloomberg citing General Index pricing.

  • Trans Mountain began line fill of the new expanded pipeline April 16, requiring 4m bbl.
  • The expanded pipeline is expected to commence operations by May 1, which will almost triple the capacity to 890k b/d.
  • The pipeline allows oil to be transported from Alberta to Canada’s Pacific coast.
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Western Canadian Select’s discount in Alberta to WTI shrunk to $11.80/b, the narrowest since July 11, according to Bloomberg citing General Index pricing.

  • Trans Mountain began line fill of the new expanded pipeline April 16, requiring 4m bbl.
  • The expanded pipeline is expected to commence operations by May 1, which will almost triple the capacity to 890k b/d.
  • The pipeline allows oil to be transported from Alberta to Canada’s Pacific coast.