WCS: Oil pipelines could unlock $100 billion value
Over $40 billion worth of pipelines have been proposed to ferry heavy Canadian crude to refinery markets, however these proposals face varying degrees of opposition. It is still unclear which pipelines will be built and when they will start-up, but one thing is evident – Canada needs more pipeline takeaway capacity. This Insight provides our on outlook for WTI-WCS based on pipeline assumptions as well as two alternate scenarios. It is consistent with our Macro Oils Long Term Outlook H1 2015.