Search results
Improving price for crude
- The pipeline expansion will help Canada increase its pipeline capacity, overcome constraints and open new markets in Asia, improving price for crude. The pipeline will transport around two times as much oil as previously, with capacity at 890,000 bpd, and it is expected to reinvigorate the industry and boost oil prospects.
People also ask
Will the Trans Mountain Pipeline boost Canadian oil prices?
Will Canada's oil producers get better prices 'for years'?
How will the Trans Mountain pipeline expansion impact the oil industry?
Will pipeline expansion boost Canadian production?
May 7, 2024 · The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday.
Sep 19, 2023 · Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route.
Feb 26, 2024 · The Trans Mountain pipeline expansion project may still be months away from completion, but industry insiders have already started speculating on how it will impact the oil sector, from a potential increase in the price of Canadian oil to the opening of new export markets.
May 7, 2024 · Calgary-based Meg Energy Corp. expects Canada’s oil producers to get better prices “for years” as the industry starts using the expanded Trans Mountain pipeline that officially opened on May 1.
Apr 10, 2023 · Canadian oil producers beset by years of constrained pipeline capacity expect to garner better prices for their crude when the expanded Trans Mountain conduit starts up next year, opening them to new markets in Asia.
Mar 21, 2024 · The Trans Mountain expansion is expected to increase the value of Canadian oil, which should increase the amount of royalties collected by the Alberta government, says Premier Danielle Smith,...
Oct 5, 2023 · The coming startup of the expanded Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report.
