Commodity Market Report
North America Crude Markets short-term outlook: November 2023
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Report summary
TMX has hit new hurdles with the finish line in sight. While Trans Mountain appears to be making quick progress on the recently approved re-route segment, construction delays have emerged at sections farther downstream. Drilling issues in a problematic area have led Trans Mountain to apply for a last-minute contingency plan. Elsewhere, the company awaits clearance to resume work after receiving a work stoppage order. But will these headwinds hinder TMX from achieving start-up in Q1 2024?
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