Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’ to come, MEG Energy says

📆 8/05/2024 2:26 AM
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MEG’s vice-president of marketing said he expects the difference between the benchmark U.S. oil price and the price Canadian oil sands producers receive for their crude will remain narrow

expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.

He said he expects the difference between the benchmark U.S. oil price and the price Canadian oil sands producers receive for their crude will remain narrow for years, thanks to the additional export capacity offered by the Trans Mountain pipeline expansion.

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