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Crude Report: The TMX series: LatAm sellers start to feel the pressure
Manage episode 438932560 series 3583366
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The rapid evolution of the TMX market is starting to impact the supply profile along the US west coast, with Latin American producers beginning to feel the pressure from increased competition. Asia-Pacific producers may soon also feel the pinch with an active delivered market in Shandong opening the door for Canadian volumes to enter the region. As the reach of the TMX barrels continues to expand, prices in Vancouver and Shandong appear to be increasing, reflecting global market fundamentals. Join Argus’ crude and LPG editorial manager Gus Vasquez and Pacific coast reporter Rachel McGuire in discussing recent developments and price behaviour.
Key topics covered in the podcast:
- LatAm crudes being displaced from the US west coast
- Recent price movements at Vancouver
- How logistics continue to play a prominent role in where the volumes go
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