U.S. refiners and traders raise concerns over quality of crude in Trans Mountain pipeline expansion, potentially affecting demand and prices.
U.S. oil refiners and West Coast traders have raised concerns over the quality of crude shipped on the newly completed Trans Mountain pipeline expansion, warning that high vapour pressure and acidity limits could deter purchases of Canadian heavy barrels. The $34 billion expansion, which nearly tripled shipping capacity to Canada's Pacific Coast, is expected to supply the U.S. West Coast refining market, but concerns over crude quality could dampen demand and weigh on prices.
June 12, 2024
5 Articles