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India's Reliance Set to Pull CanadianTMX Cargo

OIL
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Indian refiner reliance is set to pull barrels from the soon to be started Canadian TMX pipeline according to Bloomberg sources.

  • The first cargo of TMX oil sailing to India is set for June the sources said.
  • The demand comes as Indian buyers move away from similar quality Venezuelan barrels following the reimposition of US sanctions on April 18.
  • Reports this week suggest shippers contracted to pull volumes from the TMX pipeline have doubts over it starting operations in May.
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Indian refiner reliance is set to pull barrels from the soon to be started Canadian TMX pipeline according to Bloomberg sources.

  • The first cargo of TMX oil sailing to India is set for June the sources said.
  • The demand comes as Indian buyers move away from similar quality Venezuelan barrels following the reimposition of US sanctions on April 18.
  • Reports this week suggest shippers contracted to pull volumes from the TMX pipeline have doubts over it starting operations in May.