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One Oil Cargo’s Odd Journey Highlights Global Market Strains

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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.

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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.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »