The Crude Report | TMX Series: TMX sellers taking to the water?

In the most recent edition of “The Crude Report: TMX sellers taking to the water” Argus reporters Kyle Tsang and David Haydon talk with Argus VP Jeff Kralowetz about onshore and offshore developments that could push Canadian producers to charter ships and sell some of their TMX barrels on a delivered basis.

Key topics covered in the podcast:

• How surprisingly low Aframax rates have made the direct voyage from Vancouver to China both faster and cheaper than going by larger VLCCs.
• Why a larger percentage of TMX cargoes are headed to China in May.
• How the narrower discounts of Alberta heavy grades such as Cold Lake and AWB – along with new tolls on the TMX pipeline – have made the move of crude to Vancouver more challenging.