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.

 

[HavokFour]

I think there's a pretty good case for a pipe in either (ideally both) directions.

At least two Canadian propane cargoes — including the shipment that changed hands five times while at sea — recently sold to Asian buyers at premiums of US$100 to US$170 per tonne above benchmark prices, according to price-reporting agency Argus.

The unusual trading activity suggests Asian buyers may be scrambling for supply outside of the Middle East, market watchers say.

Canadian propane tanker's cargo resold five times at sea as Asian buyers scramble for fuel

A tanker carrying 600,000 barrels of Canadian propane was resold at least five times while at sea after leaving B.C. last month. Read here

financialpost.com

 

[SeaKingTacco]

I think there's a pretty good case for a pipe in either (ideally both) directions.

Canadian propane tanker's cargo resold five times at sea as Asian buyers scramble for fuel

A tanker carrying 600,000 barrels of Canadian propane was resold at least five times while at sea after leaving B.C. last month. Read here

financialpost.com

What?

Don’t you know that there is no business case for Canadian gas to be exported?