MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: UK OCT RETAIL SALES -0.7% M/M, +2.4% Y/Y

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

MNI JAPAN OCT CORE CPI +2.3% Y/Y; SEPT +2.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

May Startup of Trans Mountain Expansion Surprises Analysts: Reuters

OIL

Trans Mountain’s expansion which will start commercial operations on May 1, surprising analysts, according to Reuters.

  • Analysts told Reuters that the operations’ May 1 start date is earlier than expected, with Wood Mac seeing late May or early June as more realistic.
  • "Pretty well everyone with whom I’ve spoken regarding start-up was anticipating June 1," said Commodity Context analyst Rory Johnston on X, cited by Reuters.
  • The news of the May 1 start date has had little effect on West Canadian Select prices thus far, which were little changed from the previous day.
  • Once fully operational, WCS is expected to narrow to a single digit discount to WTI, compared with $12/b currently.
  • The TMX expansion will raise capacity of the pipeline connecting Canadian crudes in Alberta to the Pacific coast to 890k b/d,
Energy BulletsHomepageBulletCommoditiesCanada Bank of Canada Market News
Energy BulletsHomepageBulletCommoditiesCanada Bank of Canada Market News

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.