A proposed Alberta-to-Wyoming crude pipeline by South Bow and Bridger Pipeline is close to minimum shipper commitments, Reuters reports citing sources
- Oil companies have committed at least 400K BPD, about 72% of initial capacity, with a target near 450K BPD
- The project could eventually move up to 1.13mln BPD
Context
The progress on the Alberta-to-Wyoming crude pipeline indicates increasing commitment from oil companies, which suggests a solid demand outlook for transport capacity in North America. With commitments nearing 72% of the initial capacity, this could affect supply dynamics and investor sentiment in the oil markets, potentially impacting WTI and Brent prices as traders assess the project's progression.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#GEOPOLITICAL#ENERGY#EU SESSION#WTI#BRENT#COMMODITIES#ENERGY & POWER