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AMERICAS OIL: USWC Has Options in Case of Tariffs on Canada: Argus

AMERICAS OIL
USEnergy BulletsNorth AmericaCanadaBulletCommodities

On the USWC, TMX’s start up has boosted imports of Canadian crude to 170k b/d compared to 40k b/d, Argus said, citing Vortexa data.

  • Tariffs would make TMX cargoes less affordable from Vancouver and decrease its competitiveness relative to heavy sour alternatives.
  • This could allow demand for Latam medium and heavy sour grades such as Napo and Oriente to recovery after being displaced by more convenient TMC supplies.
  • The market also lacks clarity oh how Canadian imports of US diluent will be handled under potential US import tariffs once blended with Albertan bitumen and re-exported.
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On the USWC, TMX’s start up has boosted imports of Canadian crude to 170k b/d compared to 40k b/d, Argus said, citing Vortexa data.

  • Tariffs would make TMX cargoes less affordable from Vancouver and decrease its competitiveness relative to heavy sour alternatives.
  • This could allow demand for Latam medium and heavy sour grades such as Napo and Oriente to recovery after being displaced by more convenient TMC supplies.
  • The market also lacks clarity oh how Canadian imports of US diluent will be handled under potential US import tariffs once blended with Albertan bitumen and re-exported.