Pipelines, energy and natural resources

[Kirkhill]

While we await the millenium ....

It appears that there is a market for that heavy crud from our filthy tar sands.

Apparently half the oil coming out of the Straits of Hormuz is heavy crud and the Asian refiners are gagging for it.

Reliable West Coast shipments of Alberta heavy oil emerge as lifeline for Asian refiners – Hormuz disruption underscores the strategic value of Canada’s stable oil supply | BOE Report

By Deborah Jaremko on March 12, 2026, 10:26 am MDT The Port of Vancouver has emerged as a lifeline for Asian oil refiners amid disruption of the vital shipping route through the Strait of Hormuz, according to ATB Cormark Capital Markets. Tankers calling at the port’s Westridge Marine Terminal...

boereport.com

 

[Kirkhill]

1.89 here

1.57 in Lethbridge, up from 1.19 ten days ago.
But that isn't the highest I have seen in the post-Covid era. We have even had some Vancouverish prices.