RE:RE:RE:RE:RE:RE:RE:Congress wants to cut Iran oil to China....I was surprised to read recently how India has been buying boatloads of cdn oil. Pun intended. There is another country besides China determined to grow out of an agrarian village existence. Much,much more oil needed.
ManitobaCanuck wrote: Max, the big story is TMX starting up by year end. WCS will get a better value if it is exported out of Pacific to infrastructure starved places in Asia . Lol ,they need tar to make petrochemicals, build roads, bitumen coat bridges and other infrastructure . All Oil used is not for fuel and WCS might trade at par/premium to WTI after TMX opens up in 2023.
Maxmoe wrote: Meanwhile, back on the farm, wti is chugging higher to 5 year highs and surprisingly, WCS is keeping pace. $70 handle hasn't been seen for a long time. I love the story of cdn exports ex USA at record highs. It might wake up our neighbors if they turn on the tap and there is only a drip coming out.