Overview

Discover the global implications of the start-up of crude flows to Canada’s Pacific coast through the new Trans Mountain Expansion (TMX) pipeline and its potential impact on your business. The pipeline provides a route for Canadian crude oil to reach the key Asian market, reshaping crude flows and affecting shipping logistics and refinery operations worldwide.

Our extensive coverage provides deep insights into TMX crude shipping routes, key stakeholders, logistical challenges and pricing dynamics. We highlight the vital role of logistics in identifying the most cost-effective solutions for buyers.

Argus is a trusted source for pricing and market analysis for crude trade throughout the Americas and across the globe. Our methodologies are known for their transparency and relevance, supported by the expertise of our market coverage teams. Since 2010, we have covered domestic Canadian crude markets from our Calgary office. The Argus WCS Houston price is a leading benchmark for heavy crude pricing in the Americas, providing the settlement basis for financial futures contracts, making it an essential risk management tool for Canadian crude trade globally.

Whether you want a quick overview or an in-depth analysis of the factors shaping the TMX crude market, Argus gives you extensive and authoritative coverage.
 

Price assessment details

How will these prices be used?


The Argus fob Vancouver assessments for Cold Lake and High TAN provide transparency into an emerging market that aims to supply Pacific buyers of those grades in a more efficient way. These prices will be used by potential buyers to determine the competitiveness of Canadian exports from Vancouver against those from the US Gulf Coast. In addition, they will allow potential buyers to determine the affordability of Canadian crude compared with alternatives from other countries.

Once the market matures, it is possible that these new assessments could be used in contracts to trade volumes supplied through the pipeline so that participants can purchase them at the dock and either resell the crude on the spot market or take it into their own systems.