Discover the global implications of Western Canada’s new Trans Mountain Expansion Pipeline (TMX) and its potential impact on your business. The pipeline provides a critical route for Canadian crude oil to reach the Pacific, reshaping crude flows, 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.
We have been a trusted source for crude pricing and market analysis from the US Gulf Coast to China’s Shandong province 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 in the Americas, with financial futures contracts settling on it providing essential risk management tools for Canadian crude 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.
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 our of Vancouver against those coming out of the US Gulf coast. Additionally, they will allow potential buyers to also determine where Canadian supplies stack up when compared to alternative supplies from other countries.
Once the market matures, there is also a possibility that these new assessments will be used in contracts to exchange volumes coming out of the pipeline so that participants can purchase them at the dock and either resell on the spot market or take into their own systems.
