RE:RE:Vitol CEO sees 70-80 $bbl oil in 2025:And one more miscinception that I want to clear up. Just because a particular oil company has a limited allotment on what they can ship on TMX doesn't mean that they can't ship more.
TMX pumps many types of oil in the same pipeline in batches, with spacers between the different oil types. Say company A has to fullfil an order to fill an oil tanker with say heavy, slightly sour oil but they don't have enough to complete a batch but bte does. They'll buy from bte to complete the batch.
My only point is to find out what bte produces and check out it's price. Getting boring reading these comments complaining that wti is going up while bte dropping so it must be because of bankster manipulation of sp. How bout maybe the geade of oil that bte produces is actually dropping in market demand and visa versa.