By Arathy Somasekhar
HOUSTON (Reuters) - Discover how the newly expanded Trans Mountain pipeline is reshaping the Canadian crude oil transportation landscape. Pipelines that historically carry Canadian crude to the U.S. are cutting rates and shifting to ship different grades due to competition from TMX.
Find out how these moves will affect the cost of transporting heavy crude to the U.S. Midwest and Gulf Coast next month. With U.S. imports of Canadian crude hitting a record in July, the impact of TMX expansion volumes is undeniable.
Enbridge, a major Canadian pipeline operator, is reducing tariffs for September by 11% per barrel on heavy crude moving on its Mainline system in response to the TMX impact. Learn about the implications for the Mainline system, which is a key competitor to TMX.
Get insights from experts on how pipelines like Enbridge's Spearhead and Flanagan South pipelines could lose volumes, and how MPLX's Capline pipeline might see a shift towards transporting more light crude from the Bakken oilfield.
Analysis: Despite short-term disruptions, delays in TMX completion have allowed Canadian producers to increase supply. Overall utilization on outbound pipelines is rising, and Canadian oil output is expected to grow rapidly, offsetting the added capacity of TMX.
Understand the potential impact of this shift on your finances and investments. Stay informed on the changing dynamics of the Canadian crude oil transportation market.
