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Trans Mountain Start to Boost Canadian Oil Growth

OIL

The start-up of the Trans Mountain Pipeline’s twin line will likely spur the growth of Canadian oil production, according to Jerry Sinclair, Senior VP of Commercial at US refiner HF Sinclair cited by Bloomberg.

  • According to Miller, speaking at the Argus America’s Crude Summit, the discount of Canadian Crude to WTI should narrow, incentivising an increase in drilling in Alberta.
  • Marginal barrels from TMX, may head to Asia in Aframax-size ships, according to Will Monteleone, president of refiner Par Pacific

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