Start-up of $26 billion TMX pipeline set to boost demand and increase price of Canada crude

Analyst expects price differential between oil from Western Canadian Sedimentary basin and WTI to narrow, perhaps to under $10

Burnaby, terminus of the Trans Mountain pipeline expansion project in British Columbia, Canada.
Burnaby, terminus of the Trans Mountain pipeline expansion project in British Columbia, Canada.Photo: REUTERS/SCANPIX
Published 1 May 2024, 14:00Updated 1 May 2024, 14:20