NORGES BANK HEAD: EITHER HIKE OR EARLIER CUT POSSIBLE

NORGES BANK HEAD SEES POLICY RATE AT 4.5% TO END YEAR

MNI: NORGES BANK LEAVES RATE UNCHANED AT 4.5%

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

MNI: PBOC Sets Yuan Parity Higher At 7.1192 Thu; -1.93% Y/Y

IFO Upwardly Revises 2024 Growth Forecast by 0.2pp to +0.4% Y/Y

NOK Little Changed Ahead of Norges Bank; Hold In Rates Expected

Intermediate Goods Deflation Continues to Fade in May PPI

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

Canadian Crude-WTI Discount Narrows after TMX Approval

OIL

Canadian heavy crude prices surged after the country’s energy regulator approved a variance request to the Trans Mountain Pipeline, avoiding potential delays of up to two years, according to Bloomberg.

  • The discount on Western Canadian Select v WTI narrowed by $1.20/b to $17.75/b, sources told Bloomberg.
  • TMX’s application to use a narrower section of pipe in an area the company encountered difficulty drilling through the rock. The application had initially been rejected, stoking fears of delays up to two years.
  • When operational, which Trans Mountain expects by March, the expanded pipeline will triple its capacity to 890k b/d and open heavy Canadian crude to new demand centres in the Western USA and the Pacific.
Energy BulletsCanada Bank of Canada Market NewsCommodities
Energy BulletsCanada Bank of Canada Market NewsCommodities

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.