Commodity Market Report
North America crude markets short-term outlook: September 2024
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Since prior to TMX’s commissioning in May, we’ve forecasted an increase in westbound volumes would moderately cut into volumes moving on other routes out of Western Canada. While there have been periods of mild reductions, the impact has largely been muted thus far. However, this is expected to change in September as several shifting factors – including depleted storage inventories and supply maintenance – converge. In this report, we take a fresh look at the re-shaped Canadian crude value chain, including emerging trends in westbound flows (how TMX trade flows are developing) and southbound flows (how delayed impacts from TMX could play out through the remainder of the year).
Table of contents
- TMX impacts materialize in September
- US L48 supply: upward revisions through 2025
- Permian pipeline investment update
- Crude deliveries to SPR slated to increase in months ahead
Tables and charts
No table or charts specified
What's included
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