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Crude Report: The TMX series: TMX availability in Asia hits USGC sours
Manage episode 451274023 series 3583366
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The rise in availability of TMX volumes in Asia, specifically in China, has affected the US Gulf coast but not in the ways that had been expected. Canadian crude prices and flows into the US have not changed all that much, but the US Gulf coast medium sour markets are certainly now feeling the pinch. Mars exports to China are at an all-time low, weighing on their prices and impacting medium sours that either price against it or compete as an alternative supply into regional refineries.
Key topics covered in the podcast:
- Volumes of Canadian crudes coming into the US and impacts on Cushing
- Canadian heavy prices at Houston
- How medium sours are feeling the pinch from increased Chinese buying of TMX volumes
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