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Experts said while the short-term reaction of the markets to the crisis was to be expected, the medium-term trends depend on how some of the other players in this conflict react.
Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast. Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route. "They will be competing for barrels that no longer transit through their region," said a Calgary-based oil trader.
Canada's Trans Mountain oil pipeline expansion , which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by...
By Nia Williams and Stephanie Kelly CALGARY (Reuters) - Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of cru...
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