Crude Report TMX Series Changing Canadian Crude Arbs
Vancouver has a new attraction for Canadian bitumen producers seeking better margins and less dependence on the US Gulf coast market.
Author
Jeff Kralowetz
Vancouver has a new attraction for Canadian bitumen producers seeking better margins and less dependence on the US Gulf coast market. While the growing supply of heavy Venezuelan crude at the US Gulf is pulling down prices for heavy Canadian crude there, the Asian demand for heavy dilbit blends at Vancouver appears likely to stay strong, boosting prices there.
Listen to the podcast
Argus crude market reporters John Cordner and Matthew La France discuss issues including:
- How is the growing seasonal diluent content in heavy Canadian dilbits increasing the incentive for Chinese refiners to buy these grades?
- How do recent moves in volatile waterborne freight markets support demand for crude from Vancouver?
- How has the recent agreement on permanent tolls for the TMX pipeline helped to lock in positive margins for shippers of crude on that line to Vancouver?
- Why do many US Gulf coast refiners prefer Venezuelan Merey crude to Canadian heavy grades?
Related products
Never miss an episode
Be the first to hear new episodes from Argus experts and stay informed with timely blogs, whitepapers, and market updates. Sign up now to receive curated content on petrochemicals, intermediates, and global chemical market trends—delivered as soon as it’s released.
Sign up nowMore market intelligence
Explore related podcasts, expert blogs, and whitepapers covering key trends in polymers, feedstocks, and global supply chains. Stay informed with insights that matter.
