Trans Mountain Expansion Sees Little Margin Boost for U.S. Refiners
Tuesday, 20 August 2024, 16:56
Trans Mountain Expansion: A Closer Look
Despite expectations, the Trans Mountain oil pipeline expansion has shown a minimal impact on crude costs at refineries along the U.S. West Coast. Notably, major refiners, including Phillips 66, have been left surprised by this development.
Energy Sector Implications
- Crude Cost Stability: The anticipated reduction in crude prices has not materialized, leading to uncertainty.
- Market Reactions: Investors are closely monitoring how the slight margin changes will influence refining operations.
- Future Pricing: Experts question the long-term effects of the expansion on market pricing trends.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.