News Formal

One Oil Cargo’s Odd Journey Highlights Global Market Strains

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Bloomberg News

Reliance Industries Ltd.,Access Western Blend,Trans Mountain Pipeline

(Bloomberg) -- A dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another...

-- A dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.China Considers Government Buying of Unsold Homes to Save Property Market

The expanded Trans Mountain began operating earlier this month after years of delays. The upgrade more than triples the capacity of the only export conduit from Alberta to the British Columbia Coast, allowing an extra 590,000 barrels a day of exports to Asia or the western US. Besides India, cargoes via the pipeline have already been scheduled to go to China and California.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

One Oil Cargo’s Odd Journey Highlights a Global Market in FluxA dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.
Source: BNNBloomberg - 🏆 83. / 50 Read more »