Free Trial
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.
OIL
Canada’s Trans Mountain Pipeline is likely to provide competition for Iraqi Basrah Heavy on the Pacific Coast market according to Rystad analysis.
- “When you look at the yield profile of that crude oil, the distillation profile of that crude oil, it’s very similar to Canadian heavy — so it’s very substitutable,” according to an analyst.
- US West Coast refiners will likely be incentivised to switch to cheaper Canadian oil, also travelling a shorter distance.
- The TMX Pipeline is also expected to push higher Canadian volumes into Asia, pressuring grades like Basrah Heavy there too.
- The pipeline is expected to start commercial operations on May 1.
- The pipeline will allow Canadian barrels to break away from their heavy dependence on US Midwest and Gulf refiners.
Source: Vortexa/Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok