TradeWinds News: Aframax oversupply hits rates amid Canada pipeline delay fear

April 25, 2024 In Asian markets, Poten & Partners said the Canadian barrels will compete with Russian and Middle Eastern crudes as well as US Gulf exports. “The US West Coast, which imports about 1.4m bpd, is a highly competitive market and it is not growing, which means TMX crude will need to replaceother barrels,” said Poten. The short voyage distance from Vancouver would provide a competitive advantage, it said.

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