Canadian Oil Prices Remain Depressed Despite Trans Mountain Expansion ...Middle East

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Canadian Oil Prices Remain Depressed Despite Trans Mountain Expansion
source : OILPRICE ( Middle East ) () 39
The launch of the expanded Trans Mountain oil pipeline earlier this year was a kind of unique event. In a place where the government did not care much for pipelines and many people also didn't care for pipelines, a big one was allowed to start operating. And there were great hopes attached to it. Some of these have materialized—Canadian oil sands operators are boosting production. But others have been late in materializing—Canadian oil prices are still trading at a hefty discount to the U.S. benchmark.  Alberta's oil producers…

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