TSX:NPI - Post Discussion
Post by
BayWall on Oct 31, 2024 8:54am
Oil and nuclear
Canadian oil exports to the United States have reached a record high, buoyed by completion of the Trans Mountain expansion pipeline.
Refineries on the U.S. West Coast have been among the frequent buyers of oil from the pipeline, which began operations in May.
The amount of Canadian oil exported south of the border climbed to 4.3 million barrels per day (b/d) in July, according to the most recent data from the U.S. Energy Information Agency (EIA), released on Wednesday.
Much of the increase was driven by the U.S. West Coast, where imports jumped by 115% compared with July 2023. (CBC News Oct 30/24).
Oct 29 (Reuters) - Canadian waterborne exports of light crude to the U.S. West Coast have surged since the Trans Mountain pipeline expansion (TMX) began operating in May, data shows, surprising some market participants who thought it would mainly be used to send heavy crude to Asia and California.
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GAINING MARKET SHARE
Other crude grades that U.S. West Coast refiners have historically imported include medium-sweet barrels from Argentina and Brazil. However, higher Canadian export capacity is helping Canada displace those barrels and gain market share on the U.S. West Coast, Kpler analyst Matt Smith said.
"Since the TMX expansion started, Canadian barrels have been the leading waterborne supplier to Washington refineries in July, August and September - and so far in October too," Smith said.
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NEW YORK, Oct 25 (Reuters) - U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy's
(CEG.O), opens new tab unprecedented plans to restart its retired
Three Mile Island nuclear power plant in an initial public meeting held on Friday.
Constellation, which
announced last month that it had signed a 20-year power purchase agreement with Microsoft that would enable reopening the Unit 1 reactor at Three Mile Island, made its case before the Nuclear Regulatory Commission to restore its operating license for the plant.
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