TMX Opens Asia Route As Canadian Crude Discounts Narrow
Market Intelligence Analysis
AI-PoweredThe opening of the Asia route by TMX is expected to further boost the Canadian crude market, narrowing the discounts and potentially increasing investor interest in the sector.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Previously, we reported that U.S. investors are increasingly pumping money into Canada’s fossil fuels sector, with U.S. funds now owing nearly 60% of Canada’s Oil & Gas sector thanks to low costs, favorable policy changes and the completion of the Trans Mountain Pipeline (TMX) expansion. That’s a major shift from a decade ago when global funds were busy divesting from Canadian oil sands driven by a combination of low global oil prices, high production costs, and increasing environmental concerns over pollution. Back then,…
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