Oil – Reuters reported that White Cliffs Pipeline LLC will expand the capacity of its Colorado-to-Cushing crude pipeline from 70,000 barrels per day to 150,000 barrels per day now that it has received sufficient shipping commitments.
Heavy Oil – Bloomberg reported that the discount for Canadian heavy oil is down because pipelines have reached full capacity.
Crude Investing News reports crude oil is expected to double in the next 30 years. For several years, the forecasted growth in Canadian crude oil supply, primarily due to the development of the Alberta oil sands, led industry to conclude there was an urgent need for additional pipeline capacity to connect to new and expanded markets. [...]
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