The Crude report - The TMX Series: TMX: China's new crude source
Update: 2024-12-09
Description
The opening of the TMX pipeline expansion to Canada’s Pacific coast has given China access to a new, short-haul source of cheap crude — Chinese firms are taking advantage of the new supply route to boost exports, with implications for global crude pricing
Key topics covered in the podcast:
- Trump’s threat to tax Canadian crude imports to the US, and implications for shipments to Asia Pacific
- Factors driving Chinese demand for TMX exports
- Impact on sour crude pricing, from China’s access to TMX and ESPO Blend crude
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