The discount at which Canadian crude trades to U.S. WTI narrowed this week after the country’s energy regulator approved a change in the construction plans of the Trans Mountain pipeline, sealing its completion. Western Canadian Select, the local benchmark, traded at a discount of around $19 per barrel to West Texas Intermediate at the time of writing. The government-owned Trans Mountain company last year requested regulators allow it to install a pipeline with a smaller diameter on a short section of the expanded pipeline after coming across…
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